Wu Lei 4

What Happened

• Lei (Wu) — CEO of GigaCloud Technology Inc. — sold a total of 90,000 shares in a series of open‑market dispositions between March 11 and March 13, 2026, generating roughly $3.82 million in proceeds.
• Trades by date and size: Mar 11 — 21,697 shares @ $43.24 ($938,178) and 8,303 @ $43.73 ($363,090); Mar 12 — 3,098 @ $42.00 ($130,116) and 26,902 @ $42.81 ($1,151,675); Mar 13 — 22,246 @ $41.15 ($915,423) and 7,754 @ $41.95 ($325,280). These were sales (not purchases), often considered routine disposition activity.

Key Details

• Transaction dates: March 11–13, 2026. Prices in these reported trades ranged from $41.15 to $43.73 per share; total proceeds ≈ $3,823,762.
• Shares owned after transaction: Not specified in the provided summary of this Form 4.
• Notable footnotes: Sales were made pursuant to 10b5‑1 trading plans (footnote F1). Footnotes also indicate certain shares are Class B ordinary shares convertible 1:1 into Class A shares (F11) and that some securities are held by Ji Xiang Hu Tong Holdings Limited, an entity for which Mr. Wu may be an indirect beneficial owner via Shan Lao Hu Tong LLC (F3, F12, F4).
• Filing timeliness: Form 4 was filed March 16, 2026 for trades occurring March 11–13. Because Form 4s are generally due within two business days of a transaction, the March 11 trades appear to have been filed one business day late; investors may want to note this timing.

Context

• These were outright sales under pre‑arranged 10b5‑1 plans, which are typically designed to avoid trading on nonpublic information and to automate dispositions. Sales under such plans are generally viewed as routine and do not by themselves indicate the insider's private view of the company.
• The footnotes point to indirect ownership structures (entities holding Class A/B shares and conversion rights). For retail investors, the key takeaway is the CEO monetized a modest stake (90,000 shares) via planned sales totaling about $3.8M.