WAN XIN 4
4 · GigaCloud Technology Inc · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) CTO Wan Xin Receives RSU Award
What Happened
Wan Xin, Chief Technology Officer of GigaCloud Technology Inc. (GCT), received equity awards on April 7, 2026. The Form 4 reports two related entries: 4,600 Class A ordinary shares issued pursuant to restricted share units and 4,600 derivative restricted share units (RSUs), each recorded at $0.00 (no cash paid). The awards are compensation grants, not open‑market purchases or sales.
Key Details
- Transaction date: April 7, 2026; filing date: April 9, 2026 (timely Form 4 filing).
- Amounts and prices: 4,600 shares acquired @ $0.00; 4,600 derivative RSU awards @ $0.00. Total reported units = 9,200.
- Vesting: RSUs vest at the end of a 12‑month period commencing April 7, 2026, subject to continuous service; vested shares will be delivered following vesting.
- Ownership: The securities are directly held by Faithful Winner Holdings Limited; Wan Xin is sole shareholder/director of that entity and may be an indirect beneficial owner.
- Other notes: Footnote clarifies these are RSU awards and the report does not constitute an admission of beneficial ownership for Section 16 purposes.
Context
RSUs are contingent rights to receive shares upon vesting; they are not immediate cash purchases and typically reflect compensation incentives. Because the reported awards have a 12‑month vesting period, the shares are not yet freely tradable until vesting and delivery conditions are met. This filing documents a standard equity grant to an executive rather than a market trade.
Insider Transaction Report
- Award
Class A Ordinary Shares, par value $0.05 per share
[F1]2026-04-07+4,600→ 10,100 total - Award
Restricted Share Units
[F4][F5]2026-04-07+4,600→ 10,100 total→ Class A Ordinary Shares, par value $0.05 per share (4,600 underlying)
- 717,540(indirect: By FAITHFUL WINNER HOLDINGS LIMITED)
Class A Ordinary Shares, par value $0.05 per share
[F2][F3]
Footnotes (5)
- [F1]Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the reporting person under the Issuer's 2017 share incentive plan.
- [F2]This report shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F3]The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED.
- [F4]Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested.
- [F5]The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, April 7, 2026, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.