Wu Lei Form 4 GigaCloud Technology / Lei Wu ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Wu Lei

(Last)

(First)

(Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE

91731

(City)

(State)

(Zip)

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	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Ordinary Shares, par value $0.05 per share	05/09/2024		S⁽¹⁾		9,027	D	$35.72⁽²⁾	400,789	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/09/2024		S⁽¹⁾		11,333	D	$36.34⁽⁶⁾	389,456	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/09/2024		S⁽¹⁾		26,031	D	$37.71⁽⁷⁾	363,425	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/09/2024		S⁽¹⁾		70,474	D	$38.46⁽⁸⁾	292,951	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/09/2024		S⁽¹⁾		3,135	D	$39.14⁽⁹⁾	289,816	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/10/2024		S⁽¹⁾		79,499	D	$37.31⁽¹⁰⁾	210,317	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/10/2024		S⁽¹⁾		29,544	D	$38.24⁽¹¹⁾	180,773	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾
Class A Ordinary Shares, par value $0.05 per share	05/10/2024		S⁽¹⁾		9,831	D	$39.14⁽¹²⁾	170,942	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁴⁾⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	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 (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Ordinary Shares, par value $0.05 per share	⁽¹³⁾							⁽¹³⁾	⁽¹³⁾	Class A Ordinary Shares, par value $0.05 per share	8,076,732		8,076,732	I	By Shan Lao Hu Tong LLC, Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED⁽³⁾⁽⁵⁾⁽¹⁴⁾

1. Name and Address of Reporting Person^*

Wu Lei

(Last)

(First)

(Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE

91731

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

JI XIANG HU TONG HOLDINGS LTD

(Last)

(First)

(Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE

91731

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

SHAN LAO HU TONG LLC

(Last)

(First)

(Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE

91731

(City)

(State)

(Zip)

1. Name and Address of Reporting Person^*

TALENT BOOM GROUP LTD

(Last)

(First)

(Middle)

C/O GIGACLOUD TECHNOLOGY INC

4388 SHIRLEY AVENUE

(Street)

EL MONTE

91731

(City)

(State)

(Zip)

Explanation of Responses:

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 $34.96 and the highest price at which shares were sold was $35.93.

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 $35.96 and the highest price at which shares were sold was $36.95.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $36.96 and the highest price at which shares were sold was $37.955.

8. Represents the weighted average sale price. The lowest price at which shares were sold was $37.96 and the highest price at which shares were sold was $38.95.

9. Represents the weighted average sale price. The lowest price at which shares were sold was $38.96 and the highest price at which shares were sold was $39.38.

10. Represents the weighted average sale price. The lowest price at which shares were sold was $36.85 and the highest price at which shares were sold was $37.81.

11. Represents the weighted average sale price. The lowest price at which shares were sold was $37.87 and the highest price at which shares were sold was $38.85.

12. Represents the weighted average sale price. The lowest price at which shares were sold was $38.89 and the highest price at which shares were sold was $39.39.

13. 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.

14. 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.

Remarks:

	/s/ Lei Wu	05/13/2024
	/s/ Lei Wu, for Ji Xiang Hu Tong Holdings Limited, By: Lei Wu, its director	05/13/2024
	/s/ Lei Wu, for Shan Lao Hu Tong LLC, By: Lei Wu, its sole member	05/13/2024
	/s/ Lei Wu, for TALENT BOOM GROUP LIMITED, By: Lei Wu, its director	05/13/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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Wu Lei Form 4GigaCloud Technology / Lei Wu ownership change