Hao Xinyan 4

What Happened Hao Xinyan, COO of GigaCloud Technology Inc. (GCT), received a grant of 20,000 restricted share units (RSUs) on April 7, 2026. The award consists of 10,000 RSUs issued directly to Ms. Hao and 10,000 RSUs recorded as held by ICEBERY LIMITED (an entity for which Hao is the sole shareholder and director). Each RSU is a contingent right to one Class A ordinary share upon vesting; the grant price is $0, so there was no cash paid at award.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026.
• Transaction type/code: Award/Grant (A). Price per unit: $0. Total units granted: 20,000 RSUs (10,000 direct; 10,000 indirect).
• Vesting: RSUs vest at the end of a 12‑month period commencing April 7, 2026, subject to continuous service; vested shares will be delivered after vesting.
• Indirect holding: 10,000 RSUs are held by ICEBERY LIMITED; Hao is sole shareholder and director of that entity and may be deemed an indirect beneficial owner (per the filing footnote). The filing also notes this report does not, by itself, admit beneficial ownership for Section 16 purposes.
• Shares owned after the transaction: not specified in the filing information provided.
• Filing timeliness: Form 4 was filed two days after the grant (April 9) — generally within the two-business‑day SEC reporting window for insiders.

Context This is a compensation grant (RSUs), not an open‑market purchase or sale. RSU grants are routine executive compensation and do not represent an immediate cash investment or sale; their eventual value depends on GCT's share price when the RSUs vest and convert to shares. The indirect holding via ICEBERY LIMITED is noted for disclosure; it can mean Hao may be treated as an indirect beneficial owner of those units under certain rules.