GigaCloud (GCT) Director Chen Zhiwu Sells 3,000 Shares

What Happened
Chen Zhiwu, a director of GigaCloud Technology Inc. (GCT), sold a total of 3,000 shares on September 18, 2026 in two open-market dispositions. The first sale was 1,200 shares at $53.48 each for $64,176; the second was 1,800 shares at $52.88 each for $95,184. Both transactions are coded as sales (S) on the Form 4.

Key Details

• Transaction dates and prices: 2026-09-18 — 1,200 sh @ $53.48 ($64,176); 1,800 sh @ $52.88 ($95,184).
• Total proceeds: $159,360.
• Filing date: Form 4 filed on 2026-09-21. The filing was submitted within the normal reporting window.
• Shares owned after transaction: Not specified in the provided filing summary (see the Form 4 for post-transaction holdings).
• Footnotes / plans: No 10b5-1 plan, tax withholding, or special footnotes were noted in the summary provided.
• Transaction code: S = Sale (disposition of shares).

Context
This was a straightforward sale of existing shares rather than a purchase or option exercise. Sales by insiders are common and can reflect many reasons (taxes, diversification, routine liquidity) and do not by themselves indicate a change in company outlook. Retail investors should view this as a routine insider sale unless accompanied by other material signals or patterns of selling. For full details, consult the filed Form 4 (Accession 0002004135-26-000010).