Wu Lei 4

What Happened
Lei Wu, CEO of GigaCloud Technology Inc. (GCT), reported a charitable gift of 110,000 Class B ordinary shares on April 6, 2026. The shares were disposed of as a gift (transaction code G) and the reporting form shows $0 in proceeds to Mr. Wu. The Class B shares are convertible into an equal number of Class A shares at no cost to the holder.

Key Details

• Transaction date: 2026-04-06; Form 4 filed: 2026-04-07 (filed within the standard reporting window).
• Transaction type/code: Gift (G).
• Shares transferred: 110,000 Class B ordinary shares.
• Price / Proceeds: $0.00 per share; total proceeds reported $0 (charitable donation).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Donation to a non-related, registered 501(c)(3); no value received.
  • F3: Class B shares are convertible into Class A shares one-for-one at no cost.
  • F4–F5: Mr. Wu may be an indirect beneficial owner of shares held by related entities (Ji Xiang Hu Tong Holdings Limited and Talent Boom Group Limited).
  • F2: Standard disclaimer about beneficial ownership not being admitted for Section 16 purposes.

Context
Gifts are not purchases or sales and generally do not signal the insider’s view of the company’s near-term prospects; they often reflect charitable or estate-planning decisions. This filing reports a charitable transfer with no cash received by the reporting person. The conversion feature of the Class B shares means the donated shares could otherwise be converted to Class A on a one-for-one basis by the holder.