GigaCloud (GCT) Director Kenneth Lebensburger Receives 549-Share Award

What Happened
Kenneth E. Lebensburger Jr., a director of GigaCloud Technology Inc. (GCT), received an award of 549 Class A ordinary shares on 2026-08-17. The Form 4 reports the acquisition as an award/grant (transaction code A) at $0.00 per share; total cash paid = $0. This reflects issuance under the company's equity compensation program rather than an open‑market purchase.

Key Details

• Transaction date: 2026-08-17; Form 4 filed: 2026-08-18 (timely filing).
• Security: Issuer's Class A ordinary shares.
• Quantity: 549 shares granted; reported acquisition price: $0.00 (award/RSU).
• Footnote: F1 — shares issued pursuant to restricted share units granted under the Issuer's 2017 share incentive plan.
• Shares owned after the transaction: not specified in the filing.

Context
This was an equity compensation award (RSUs) to a director, a common non‑cash form of compensation. Such grants do not necessarily signal immediate buying or selling intent; they typically vest over time per the plan terms (vesting schedule not disclosed in the Form 4). No cash was exchanged and there is no indication of an immediate sale of the shares.