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GCT - Gigacloud Technology Inc

Insider Sale by Wu Lei (CEO, 10%)

1 Month
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Trade Summary

1 week ago, Wu Lei, serving as CEO, 10% owner at Gigacloud Technology Inc (GCT), sold 90,000 shares at $42.49 per share, for a total transaction value of $3,823,762.00. Following this transaction, Wu Lei now holds 210,000 shares of GCT.

This sale represents a 30.00% decrease in Wu Lei's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, March 11, 2026 and publicly disclosed via SEC Form 4 filing on Monday, March 16, 2026, 5 days after the trade was made.

Gigacloud Technology Inc operates in the TECHNOLOGY sector, specifically within the SOFTWARE - INFRASTRUCTURE industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Wu Lei

CEO, 10%

Larry Lei Wu (also known as Lei Wu) is the founder, Chairman, Chief Executive Officer, and Director of GigaCloud Technology Inc. (NASDAQ: GCT), a China-based provider of SaaS and cloud computing solutions for cross-border e-commerce via its Supply Chain Embedded E-commerce as a Service (SCEaaS) platform.[[1]](https://www.marketbeat.com/instant-alerts/gigacloud-technology-nasdaqgct-ceo-lei-wu-sells-20000-shares-of-stock-2026-01-13/)[[3]](https://fintool.com/app/research/companies/GCT/people/larry-lei-wu)[[4]](https://www.marketscreener.com/insider/LARRY-WU-A3LMG8/) Established in 2006, the company integrates procurement, order management, warehousing, logistics, and payments to connect Chinese exporters with global buyers.[[1]](https://www.marketbeat.com/instant-alerts/gigacloud-technology-nasdaqgct-ceo-lei-wu-sells-20000-shares-of-stock-2026-01-13/)[[2]](https://www.marketbeat.com/instant-alerts/gigacloud-technology-nasdaqgct-ceo-sells-86780000-in-stock-2026-01-13/) Wu, aged 54, earned an MBA from Yale University in 2002 and a bachelor's degree in mechanical manufacturing from Beijing Union University in 1994.[[3]](https://fintool.com/app/research/companies/GCT/people/larry-lei-wu)[[4]](https://www.marketscreener.com/insider/LARRY-WU-A3LMG8/) Prior to founding GigaCloud, he served as General Manager at New Oriental Education & Technology Group Inc. from 2002 to 2006.[[3]](https://fintool.com/app/research/companies/GCT/people/larry-lei-wu)[[4]](https://www.marketscreener.com/insider/LARRY-WU-A3LMG8/) Recently, as a corporate insider, Wu sold approximately 60,000 shares of GCT stock between January 7-12, 2026, at prices around $42-$43, generating about $2.56 million, reducing his direct ownership to around 780,000 shares.[[1]](https://www.marketbeat.com/instant-alerts/gigacloud-technology-nasdaqgct-ceo-lei-wu-sells-20000-shares-of-stock-2026-01-13/)[[2]](https://www.marketbeat.com/instant-alerts/gigacloud-technology-nasdaqgct-ceo-sells-86780000-in-stock-2026-01-13/)[[5]](https://www.investing.com/news/insider-trading-news/gigacloud-technology-gct-executive-sells-254m-in-shares-93CH-4445998)

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Trade Price

$42.49

Quantity

90,000

Total Value

$3,823,762.00

Shares Owned

210,000

Trade Date

Wednesday, March 11, 2026

7 days ago

SEC Filing Date

Monday, March 16, 2026

Filed 5 days after trade

TECHNOLOGYSOFTWARE - INFRASTRUCTURE

About Gigacloud Technology Inc

Company Overview

No company information available
View news mentioning GCT

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