GigaCloud Technology Inc.

04/16/2024 | Press release | Distributed by Public on 04/16/2024 19:41

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Wu Lei
2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [GCT] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Chief Executive Officer /
(Last) (First) (Middle)
C/O GIGACLOUD TECHNOLOGY INC , 4388 SHIRLEY AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
EL MONTE CA 91731
4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Join/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wu Lei
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
EL MONTE, CA91731 		X X Chief Executive Officer
JI XIANG HU TONG HOLDINGS LTD
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
EL MONTE, CA91731 		X X Chief Executive Officer
SHAN LAO HU TONG LLC
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
EL MONTE, CA91731 		X X Chief Executive Officer
TALENT BOOM GROUP LTD
C/O GIGACLOUD TECHNOLOGY INC
4388 SHIRLEY AVENUE
EL MONTE, CA91731 		X X Chief Executive Officer

Signatures

/s/ Lei Wu 2024-04-16
**Signature of Reporting Person Date
/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director 2024-04-16
**Signature of Reporting Person Date
/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member 2024-04-16
**Signature of Reporting Person Date
/s/ Lei Wu, for TALENT BOOM GROUP LIMITED, By: Lei Wu, its director 2024-04-16
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The shares were sold pursuant to the 10b5-1 plans.
(2) Represents the weighted average sale price. The lowest price at which shares were sold was $32.13 and the highest price at which shares were sold was $32.23.
(3) Lei Wu ("Mr. Wu") is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. Mr. Wu also controls TALENT BOOM GROUP LIMITED. As a result of these relationships, Mr. Wu may be deemed to be an indirect beneficial owner of the securities held by Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED.
(4) Represents Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED.
(5) 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.
(6) Represents the weighted average sale price. The lowest price at which shares were sold was $31.18 and the highest price at which shares were sold was $32.17.
(7) Represents the weighted average sale price. The lowest price at which shares were sold was $32.2 and the highest price at which shares were sold was $33.2.
(8) Represents the weighted average sale price. The lowest price at which shares were sold was $33.205 and the highest price at which shares were sold was $33.92.
(9) The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares at no cost.
(10) Represents Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") directly held by Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.