Wu Lei 4
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GigaCloud (GCT) CEO Wu Lei Receives 90,000-Share Award
What Happened
- Wu Lei, CEO of GigaCloud Technology Inc. (GCT), received a grant of 90,000 shares (reported as an award) on April 7, 2026. The grant was reported as acquired at $0.00 per share (total reported cash cost $0). This was an equity award (restricted share units) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-07; Form 4 filed: 2026-04-09 (filed timely within the usual 2-business-day window).
- Transaction type/code: Award/Grant (A).
- Shares granted: 90,000; Price per share reported: $0.00; cash value reported: $0.
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: These are Class A ordinary shares issued pursuant to restricted share units under the issuer’s 2017 share incentive plan.
- F2: The issuer’s Class B ordinary shares are convertible into an equal number of Class A shares at no cost.
- F4/F5: Some Class B shares are held by an entity (Ji Xiang Hu Tong Holdings Limited) controlled indirectly by Mr. Wu; he may be deemed an indirect beneficial owner of those securities.
- F3: Standard legal disclaimer that the filing is not an admission of beneficial ownership for Section 16 purposes.
Context
- This was an equity compensation grant (RSUs), which is standard executive compensation and not an open-market trade. Vesting terms or restrictions are not detailed in the Form 4; RSUs typically convert to actual shares only after vesting conditions are met. The filing appears timely and contains no indication of immediate sale or cashless exercise.