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Stock impact report

CEO Sells 60,000 GigaCloud Technology Shares Worth $2.4 Million [Yahoo! Finance]

GigaCloud Technology Inc (GCT) 
Company Research Source: Yahoo! Finance
Wu Lei reported the indirect sale of company shares, according to a SEC Form 4 filing Transaction summary Metric Value Shares sold (indirect) Transaction value ~$2.45 million Post-transaction shares (direct) Post-transaction shares (indirect) Post-transaction value (direct ownership) ~$2.42 million Transaction value based on SEC Form 4 weighted average purchase price ($40.80); post-transaction value based on holdings valued at $2,418,600 using the trade-date close price. Key questions How does the size of this transaction compare to Wu Lei's previous Class A sales? The 60,000-share sale matches the historical median for Wu Lei's Class A sell transactions, which have a median size of 60,000 shares across 31 events since January 2024, reflecting a consistent cadence as holdings have declined. What was the structure of the transaction and which entities were involved? All 60,000 shares were sold indirectly via Ji Xiang Hu Tong Holdings Limited, with Wu Lei Show less Read more
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