WAN XIN 4

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.