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GigaCloud Technology Inc — Director's Dealing 2025
Apr 11, 2025
32143_dirs_2025-04-11_34d337f7-d2c7-4b13-9e25-34a16afd8648.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GigaCloud Technology Inc (GCT)
CIK: 0001857816
Period of Report: 2025-04-10
Reporting Person: Hao Xinyan (Chief Operating Officer)
Reporting Person: ICEBERY LTD (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-04-10 | Class A Ordinary Shares, par value $0.05 per share | A | 7500 | — | Acquired | 794986 | Indirect |
| 2025-04-10 | Class A Ordinary Shares, par value $0.05 per share | M | 12500 | — | Acquired | 807486 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-04-10 | Restricted Share Units | $ | A | 7500 | Acquired | Class A Ordinary Shares, par value $0.05 per share (7500) | Indirect | |
| 2025-04-10 | Restricted Share Units | $ | M | 12500 | Disposed | Class A Ordinary Shares, par value $0.05 per share (12500) | Indirect |
Footnotes
F1: Represents Issuer's Class A ordinary shares issued pursuant to restricted share units granted to the Reporting Person under the Issuer's 2017 share incentive plan.
F2: The securities are directly held by ICEBERY LIMITED. Xinyan Hao is the sole shareholder and sole director of ICEBERY LIMITED and may be deemed to be an indirect beneficial owner of the securities held by ICEBERY LIMITED. This report shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities for purposes of Section 16 of Securities Exchange Act of 1934, as amended, or for any other purpose.
F3: Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of Class A ordinary shares of the Company when vested.
F4: The RSUs will be vested at the end of the twelve (12)-month period commencing from the date of grant on April 10, 2025, subject to continuous service. Vested shares will be delivered to the reporting person following vesting.
F5: These RSUs, which were granted on April 10, 2024, vest upon the satisfaction of a service condition and have no expiration date. The service condition was fully satisfied on April 10, 2025.