Hao Xinyan 4

What Happened

• Hao Xinyan, Chief Operating Officer of GigaCloud Technology Inc. (GCT), had 7,500 restricted share units (RSUs) convert/exercise into 7,500 Class A ordinary shares on April 10, 2026. The reported transactions show an acquisition of 7,500 shares at $0.00 (conversion of derivative) and a corresponding disposition of 7,500 derivative units at $0.00. No cash was paid or received in these entries.

Key Details

• Transaction date: April 10, 2026; Form 4 filed April 14, 2026.
• Reported amounts: 7,500 shares acquired (conversion), 7,500 derivative disposed; price per share $0.00 (reflects RSU vesting/conversion, not a market purchase or sale).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: The securities are directly held by ICEBERY LIMITED; Hao Xinyan is the sole shareholder and director of ICEBERY LIMITED and therefore may be the indirect beneficial owner of the shares (Footnote F1). RSUs were granted April 10, 2025 and vested upon satisfying a service condition on April 10, 2026; vesting occurred after the 12‑month service period (Footnotes F2–F4).
• No sale proceeds or open‑market sale reported; the “Disposed” entry relates to conversion/transfer of the derivative, not an immediate cash sale.

Context

• These entries reflect RSU vesting and conversion into shares (derivative exercise/conversion), a common form of compensation for executives—not an open‑market purchase or sale that signals trading conviction. Because the shares were reported as held through ICEBERY LIMITED, the filing documents indirect ownership rather than a direct individual sale.