WAN XIN 4

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.