Chen Zhiwu 4

What Happened

• Chen Zhiwu, a director of GigaCloud Technology Inc. (GCT), was granted/issued 790 shares on 2026-05-17. The Form 4 records the acquisition price as $0.00, reflecting an award of restricted share units (RSUs) rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-05-17; Form 4 filed: 2026-05-18 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 790; acquisition price shown: $0.00 (total reported value $0).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — these are Class A ordinary shares issued pursuant to restricted share units granted under GigaCloud’s 2017 share incentive plan.
• Filing status: No late-filing indication.

Context

• This was a compensation award (RSUs), which are typically subject to vesting and possible tax withholding; the $0 acquisition price is standard for such grants and does not reflect market value at grant or future realized proceeds.
• Awards like this are common executive/director compensation and do not by themselves signal a buy or sell decision; investors looking for insider sentiment often place more weight on open-market purchases or sales.