GigaCloud (GCT) Director Marshall Bernes Sells Shares

What Happened

• Marshall R. Bernes (listed on the filing as Bernes Marshall), Head of Brand Center and a Director of GigaCloud Technology Inc. (GCT), sold a total of 18,297 shares in two open-market disposals.
  • Sep 24, 2026: 4,497 shares sold at $53.58 each for $240,966.
  • Sep 25, 2026: 13,800 shares sold at $54.31 each for $749,435.
• These were outright sales (code S) and totaled $990,401. Sales are typically routine disposals rather than a bullish signal.

Key Details

• Transaction dates and prices:
  • 2026-09-24 — 4,497 shares @ $53.58 = $240,966
  • 2026-09-25 — 13,800 shares @ $54.31 = $749,435
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnote: The shares are directly owned by the Marshall R. Bernes Family Trust; Bernes is the settlor and a co-trustee and thus may be deemed to indirectly beneficially own the trust’s securities (Footnote F1).
• Filing timeliness: Form 4 was filed with the SEC on Sep 25, 2026 (the day after the first sale and the same day as the second sale); the filing does not indicate a late report.

Context

• These transactions were sales of existing shares (not option exercises, grants, or gifts). Sales can reflect many reasons (portfolio rebalancing, tax planning, trust management) and do not by themselves indicate management’s view of the company’s prospects.
• Because the shares are held in a family trust, the sales may represent trust or family-level decisions rather than direct personal purchases or sales.