GigaCloud (GCT) Director Chen Zhiwu Receives 549-Share Award

What Happened
Chen Zhiwu, a director of GigaCloud Technology Inc. (GCT), was issued 549 Class A ordinary shares on 2026-08-17 as an award (code A) at $0.00 per share (total reported value $0). The shares were issued pursuant to restricted share units granted under the issuer's 2017 share incentive plan.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-18 (timely filing).
• Transaction type/code: Award/issuance (A). Price reported: $0.00; shares issued: 549.
• Shares owned following the transaction: not specified in the provided filing.
• Footnote: F1 — these are Class A ordinary shares issued pursuant to restricted share units under the 2017 share incentive plan.
• No 10b5-1 plan, sale, or option exercise noted.

Context
Restricted share unit (RSU) awards are a form of compensation and typically vest over time; they are an issuance from the company rather than an open-market purchase or sale. Such awards are common for executives and directors and do not necessarily indicate an immediate change in insider sentiment.