| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | GCT | Class A Ordinary Shares, par value $0.05 per share | Sale | -$1.77M | -80K | -53.33% | $22.14 | 70K | Dec 6, 2024 | By Dongsi Tou Tiao Limited | F1, F2, F3, F4 |
| holding | GCT | Class A Ordinary Shares, par value $0.05 per share | 808K | Dec 6, 2024 | By FAITHFUL WINNER HOLDINGS LIMITED | F5, F6, F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | This is an amendment to the Form 4 filed on December 9, 2024. The shares were sold pursuant to the 10b5-1 plan adopted on June 26, 2024. |
| F2 | Represents the weighted average sale price. The lowest price at which shares were sold was $21.52 and the highest price at which shares were sold was $22.50. |
| F3 | The Form 4 filed on December 9, 2024 incorrectly reported the amount of securities beneficially owned following the reported transaction, which should be 70,000 as indicated in this amendment. |
| F4 | Represents Class A Ordinary Shares held by Dongsi Tou Tiao Limited, a company incorporated in British Virgin Islands, for Mr. Xin Wan ("Mr. Wan"). Dongsi Tou Tiao Limited is controlled and managed by Dongsi Tou Tiao Trust, a trust established under a trust deed dated July 13, 2021 between GigaCloud Technology Inc and Futu Trustee as trustee. The trust's beneficiaries are certain directors and executive officers of the Issuer, including Mr. Xin Wan, who are the participants of the Issuer's 2008 Share Incentive Plan and 2017 Share Incentive Plan. The trust deed provides that the trustee shall not exercise the voting rights attached to the Issuer's shares held by Dongsi Tou Tiao Limited, or the investment and dispositive power, unless otherwise directed by the advisory committee of the trust. |
| F5 | The Form 4 filed on December 9, 2024 incorrectly reported the amount of securities beneficially owned following the reported transaction, which should be 807,540 as indicated in this amendment. |
| F6 | This report shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose. |
| F7 | The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED. |