Form 4: GigaCloud COO Sells Shares via 10b5-1 Plan

GigaCloud Technology Inc.'s Chief Operating Officer, Xinyan Hao, sold 16,939 Class A Ordinary Shares for approximately $30.01 per share through a pre-arranged 10b5-1 plan.

Summary

• Xinyan Hao, Chief Operating Officer of GigaCloud Technology Inc., reported a sale of Class A Ordinary Shares.
• The transaction occurred on October 29, 2025.
• A total of 16,939 Class A Ordinary Shares, with a par value of $0.05 per share, were disposed of.
• The shares were sold at a weighted average price of $30.0133 per share, with individual sale prices ranging from $30.00 to $30.08.
• The sale was executed pursuant to a Rule 10b5-1 plan, which is a pre-arranged trading plan.
• Following this transaction, Xinyan Hao beneficially owns 776,805 Class A Ordinary Shares.
• The securities are directly held by ICEBERY LIMITED, where Xinyan Hao is the sole shareholder and sole director, making Xinyan Hao an indirect beneficial owner.

Sentiment

Score: 5

Explanation: The filing reports an insider stock sale executed under a Rule 10b5-1 plan, which is a pre-arranged trading plan designed to avoid accusations of insider trading. This makes the transaction a neutral event rather than a strong positive or negative indicator of company performance or management's view.

Negatives

• Sale of 16,939 Class A Ordinary Shares by the Chief Operating Officer, reducing their direct beneficial ownership.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Xinyan Hao is the sole shareholder and director of ICEBERY LIMITED, which directly holds the securities, establishing indirect beneficial ownership for Xinyan Hao.

Stakeholder Impact

• Shareholders: Disclosure of insider selling, which, while pre-planned under a 10b5-1 plan, represents a reduction in the COO's direct beneficial ownership.

Key Dates

Recommendation

The filing details a pre-planned insider sale by the COO, Xinyan Hao, under a Rule 10b5-1 plan. Such sales are generally considered routine for liquidity or diversification purposes and do not typically signal a change in the company's fundamental outlook or management's confidence. Therefore, it does not warrant a change in investment posture based solely on this disclosure.

Keywords

GigaCloud Technology, GCT, Xinyan Hao, Insider Trading, Form 4, Stock Sale, 10b5-1 Plan, COO