Bernes Marshall 4

What Happened
Marshall Bernes, Director and Head of the BaaS Program at GigaCloud Technology Inc. (GCT), was granted 7,150 restricted shares (reported as an acquisition) on April 7, 2026. The Form 4 records the shares at a $0.00 per-share acquisition price (total reported $0), reflecting an award of restricted share units rather than a cash purchase.

Key Details

• Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (appears timely).
• Transaction type/code: Award/Grant (A) — 7,150 shares at $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote F1: Shares issued pursuant to restricted share units granted under the Issuer's 2017 share incentive plan.
• Footnote F2: Shares are directly owned by the Marshall R. Bernes Family Trust; Bernes is settlor and co-trustee and may be deemed to indirectly beneficially own those shares.

Context
Restricted share units (RSUs) are compensation awards that typically vest over time; the $0 acquisition price on the Form 4 reflects an issued award, not an open-market purchase or sale. Because the shares are held by a family trust where Bernes is settlor/co-trustee, the filing notes potential indirect beneficial ownership rather than direct personal brokerage ownership.