GigaCloud (GCT) Director Marshall Bernes Sells 10,000 Shares

What Happened
Marshall R. Bernes, Head of Brand Center and a director of GigaCloud Technology Inc. (GCT), disposed of 10,000 shares at $53.00 per share on August 13, 2026, for proceeds of $530,000. The Form 4 lists the transaction as an open market or private sale (code S).

Key Details

• Transaction date and price: 2026-08-13 at $53.00 per share
• Shares sold / proceeds: 10,000 shares; $530,000 total
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: 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 (per F1)
• Filing timeliness: Report filed on 2026-08-17 — within the two business-day window, so the filing appears timely

Context
This was a sale (routine insider sale) rather than a purchase or option exercise. Sales by officers or directors can be for many personal reasons and do not necessarily signal a change in outlook on the company. The trust ownership note indicates the reported holdings are held in a family trust, which can affect how beneficial ownership is reported.