Wu Lei 4
4 · GigaCloud Technology Inc · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) CEO Wu Lei Sells 160,000 Shares
What Happened
Wu Lei, CEO of GigaCloud Technology Inc. (GCT), reported multiple open‑market sales totaling 160,000 shares executed Feb 26–27 and Mar 2, 2026. The individual trades listed in the filing were executed at prices between roughly $42 and $47 per share, generating aggregate proceeds of approximately $7,069,242. The sales were reported as ordinary open‑market dispositions (code S) and were made pursuant to pre‑arranged 10b5‑1 plans (footnote F1).
Key Details
- Transaction dates: Feb 26, 2026; Feb 27, 2026; Mar 2, 2026.
- Total sold: 160,000 shares; total proceeds ≈ $7,069,242.
- Price range: reported trades roughly $42.13–$46.82; filing footnotes show tranche-weighted ranges across the plans (~$41.5 to $47.2 per share).
- Method: Open‑market sales under 10b5‑1 plans (F1). Transaction code: S = Sale.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Ownership notes: Class B shares are convertible into Class A shares at no cost (F18). Mr. Wu may be an indirect beneficial owner of shares held by Ji Xiang Hu Tong Holdings Limited via related entities (F3, F19).
- Filing date: Form 4 filed Mar 2, 2026 covering the above sales; no late‑filing indication in the provided excerpt.
Context
Sales under 10b5‑1 plans are pre‑scheduled trades and are generally considered routine (they limit direct inference about insider sentiment). For retail investors, purchases by insiders often receive more weight as a bullish signal; routine or plan‑based sales like these are common for liquidity/tax planning and do not necessarily indicate a change in view of company prospects.
Insider Transaction Report
- Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F2][F3][F4][F5]2026-02-26$42.13/sh−3,679$154,996→ 674,411 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F6][F3][F4][F5]2026-02-26$43.23/sh−7,137$308,533→ 667,274 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F7][F3][F4][F5]2026-02-26$43.78/sh−4,749$207,911→ 662,525 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F8][F3][F4][F5]2026-02-26$45.21/sh−19,358$875,175→ 643,167 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F9][F3][F4][F5]2026-02-26$45.95/sh−21,934$1,007,867→ 621,233 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F10][F3][F4][F5]2026-02-26$46.82/sh−13,143$615,355→ 608,090 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F11][F3][F4][F5]2026-02-27$42.45/sh−20,243$859,315→ 587,847 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F12][F3][F4][F5]2026-02-27$43.27/sh−21,235$918,838→ 566,612 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F13][F3][F4][F5]2026-02-27$44.41/sh−5,415$240,480→ 561,197 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F14][F3][F4][F5]2026-02-27$45.43/sh−12,607$572,736→ 548,590 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F15][F3][F4][F5]2026-02-27$46.10/sh−500$23,050→ 548,090 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F16][F3][F4][F5]2026-03-02$42.55/sh−17,520$745,476→ 530,570 total(indirect: By LLC) - Sale
Class A Ordinary Shares, par value $0.05 per share
[F1][F17][F3][F4][F5]2026-03-02$43.23/sh−12,480$539,510→ 518,090 total(indirect: By LLC)
- 7,276,732(indirect: By LLC)
Class B Ordinary Shares, par value $0.05 per share
[F18][F3][F5][F19]→ Class A Ordinary Shares, par value $0.05 per share (7,276,732 underlying)
Footnotes (19)
- [F1]The shares were sold pursuant to the 10b5-1 plans.
- [F10]Represents the weighted average sale price. The lowest price at which shares were sold was $46.58 and the highest price at which shares were sold was $47.20.
- [F11]Represents the weighted average sale price. The lowest price at which shares were sold was $41.87 and the highest price at which shares were sold was $42.85.
- [F12]Represents the weighted average sale price. The lowest price at which shares were sold was $42.87 and the highest price at which shares were sold was $43.86.
- [F13]Represents the weighted average sale price. The lowest price at which shares were sold was $43.87 and the highest price at which shares were sold was $44.85.
- [F14]Represents the weighted average sale price. The lowest price at which shares were sold was $44.87 and the highest price at which shares were sold was $45.82.
- [F15]Represents the weighted average sale price. The lowest price at which shares were sold was $45.87 and the highest price at which shares were sold was $46.70.
- [F16]Represents the weighted average sale price. The lowest price at which shares were sold was $42.00 and the highest price at which shares were sold was $42.99.
- [F17]Represents the weighted average sale price. The lowest price at which shares were sold was $43.00 and the highest price at which shares were sold was $43.46.
- [F18]The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares at no cost.
- [F19]Represents Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
- [F2]Represents the weighted average sale price. The lowest price at which shares were sold was $41.51 and the highest price at which shares were sold was $42.48.
- [F3]Lei Wu ("Mr. Wu") is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. As a result of these relationships, Mr. Wu may be deemed to be an indirect beneficial owner of the securities held by Ji Xiang Hu Tong Holdings Limited.
- [F4]Represents Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited.
- [F5]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.
- [F6]Represents the weighted average sale price. The lowest price at which shares were sold was $42.51 and the highest price at which shares were sold was $43.50.
- [F7]Represents the weighted average sale price. The lowest price at which shares were sold was $43.54 and the highest price at which shares were sold was $44.51.
- [F8]Represents the weighted average sale price. The lowest price at which shares were sold was $44.58 and the highest price at which shares were sold was $45.57.
- [F9]Represents the weighted average sale price. The lowest price at which shares were sold was $45.58 and the highest price at which shares were sold was $46.56.