WAN XIN 4
4 · GigaCloud Technology Inc · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) CTO Wan Xin Exercises RSUs, Transfers 5,500 Shares
What Happened
Wan Xin, Chief Technology Officer of GigaCloud Technology Inc. (GCT), had 5,500 Restricted Stock Units (RSUs) vest and be converted into 5,500 Class A ordinary shares on April 10, 2026. The filing shows an acquisition and a corresponding disposition of 5,500 shares at $0.00 per share (total $0), reflecting the conversion of RSUs into shares and their transfer rather than a cash sale.
Key Details
- Transaction date: 2026-04-10; Filing date: 2026-04-14 (filed within the two-business-day reporting window).
- Transaction types/codes: "M" (exercise/conversion of derivative) — 5,500 shares acquired at $0.00 and 5,500 shares disposed at $0.00.
- Price/Value: $0.00 per share; total cash exchanged reported = $0.
- Shares owned after transaction: Not specified in this Form 4.
- Footnotes of note:
- F1: The shares are directly held by Faithful Winner Holdings Limited; Wan Xin is the sole shareholder/director and may be deemed an indirect beneficial owner.
- F3–F5: These were RSUs granted on April 10, 2025, that vested after a service condition was satisfied on April 10, 2026; vested RSUs convert to one share each and are delivered following vesting.
- F2: The filing disclaims any admission of beneficial ownership for Section 16 purposes.
Context
This was not a cash purchase or market sale: it reflects RSU vesting and conversion to shares, followed by a transfer to a holding company controlled by the insider. Such filings document equity compensation vesting and ownership changes but do not necessarily signal a buy/sell decision in the open market.
Insider Transaction Report
- Exercise/Conversion
Class A Ordinary Shares, par value $0.05 per share
2026-04-10+5,500→ 15,600 total - Exercise/Conversion
Restricted Share Units
[F3][F4][F5]2026-04-10−5,500→ 4,600 total→ Class A Ordinary Shares, par value $0.05 per share (5,500 underlying)
- 717,540(indirect: By FAITHFUL WINNER HOLDINGS LIMITED)
Class A Ordinary Shares, par value $0.05 per share
[F1][F2]
Footnotes (5)
- [F1]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.
- [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]Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Issuer when vested.
- [F4]These RSUs, which were granted on April 10 2025, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 10, 2026.
- [F5]The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.