Wu Lei 4

What Happened

• Wu Lei, CEO of GigaCloud Technology Inc. (GCT), sold a total of 90,000 shares in open-market transactions across March 16–18, 2026, generating about $3,875,440. The sales were executed under pre-arranged Rule 10b5‑1 trading plans.
• Daily breakdown: Mar 16 — 30,000 shares for ~$1,271,719 (avg ≈ $42.39); Mar 17 — 30,000 shares for ~$1,307,423 (avg ≈ $43.58); Mar 18 — 30,000 shares for ~$1,296,298 (avg ≈ $43.21). Overall weighted average price ≈ $43.06 per share.
• These were sales (S) — typically viewed as routine liquidity rather than a bullish signal from an insider purchase.

Key Details

• Transaction dates and per-share prices: Mar 16–18, 2026; individual trade prices ranged roughly from the low $42s to mid $44s (per-trade prices listed in the filing).
• Total sold: 90,000 shares for ~$3.88 million; overall weighted average ≈ $43.06.
• Shares owned after transaction: Not specified in the excerpt provided.
• Notable footnotes from the filing:
  • Trades were made pursuant to 10b5‑1 trading plans (pre-arranged sales).
  • The filing notes Class B ordinary shares are convertible into Class A shares and that Mr. Wu may be deemed an indirect beneficial owner of certain shares held by affiliated entities.
  • The report includes a standard disclaimer that it should not be viewed as an admission of beneficial ownership for all purposes.
• Timeliness: Transactions reported with a Form 4 filed March 18, 2026 for trades on March 16–18 — appears to be filed within the usual Form 4 reporting window.

Context

• Sales under 10b5‑1 plans are pre-scheduled and common for insiders managing liquidity or diversification; they do not necessarily indicate a change in the insider’s view of the company.
• No options exercise, gifts, or tax-withholding events were reported in the transactions summarized above.