SCHROCK IMAN AJ 4
4 · GigaCloud Technology Inc · Filed Apr 15, 2026
Research Summary
AI-generated summary of this filing
GigaCloud (GCT) President Iman Schrock Withholds 1,621 Shares
What Happened Iman Aj Schrock, President of GigaCloud Technology Inc., had 1,621 Class A ordinary shares withheld to satisfy a tax withholding obligation related to the vesting of previously granted shares. The withholding was recorded as a disposition on April 14, 2026 at $43.75 per share, totaling $70,919. This was a tax-withholding action (not an open-market sale).
Key Details
- Transaction date: April 14, 2026; Form 4 filed April 15, 2026 (appears timely).
- Shares withheld/disposed: 1,621 shares at $43.75 per share — total value $70,919.
- Reason: Withheld to pay the reporting person’s tax withholding obligation upon vesting of 5,000 Class A ordinary shares previously granted under the issuer’s 2017 share incentive plan (footnote).
- Shares owned after transaction: Not disclosed in the provided filing.
- Transaction code: F (payment of exercise price or tax liability) — routine tax withholding, not a market sale.
Context This was a tax-withholding/cashless withholding to cover taxes on vested restricted stock (5,000 shares vested, per the footnote). Such withholdings are common and typically routine administrative actions rather than signals of insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares, par value $0.05 per share
[F1]2026-04-14$43.75/sh−1,621$70,919→ 23,379 total
Footnotes (1)
- [F1]Represent shares withheld to pay the Reporting Person's tax withholding obligation due upon the vesting of 5,000 Class A ordinary shares of the Issuer previously granted to the Reporting Person pursuant to the Issuer's 2017 share incentive plan.