Xin Wan - Apr 10, 2025 Form 4 Insider Report for GigaCloud Technology Inc (GCT)

Role: Chief Technology Officer
Signature: /s/ Lei Wu, Attorney-in-fact, for each of the reporting persons named herein
Stock symbol: GCT
Transactions as of: Apr 10, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/11/2025, 06:04 AM
Previous filing: Dec 19, 2024
SEC: View on sec.gov

Transactions Table

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	Award	$0	+5.5K		$0.00	5.5K	Apr 10, 2025	Direct	F1
transaction	GCT	Class A Ordinary Shares, par value $0.05 per share	Options Exercise	$0	+10K	+1.24%	$0.00	818K	Apr 10, 2025	By FAITHFUL WINNER HOLDINGS LIMITED	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GCT	Restricted Share Units	Award	$0	+5.5K		$0.00	5.5K	Apr 10, 2025	Class A Ordinary Shares, par value $0.05 per share	5.5K		Direct	F3, F4
transaction	GCT	Restricted Share Units	Options Exercise	$0	-10K	-100%	$0.00	0	Apr 10, 2025	Class A Ordinary Shares, par value $0.05 per share	10K		By FAITHFUL WINNER HOLDINGS LIMITED	F2, F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the Reporting Person under the Issuer's 2017 share incentive plan.
F2	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. 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.
F3	Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Company when vested.
F4	The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant on April 10, 2025, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
F5	These RSUs, which were granted on April 10 2024, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 10, 2025.