Wan Xin's Form 4/A amendment
AmendedGigaCloud Technology Inc (GCT) · filed Dec 10, 2024
- Accession no.
- 0001857816-24-000231
- Filed
- Dec 10, 2024, 8:51 AM ET
- Trade date
- Dec 6, 2024
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
- Original filed
- Dec 9, 2024
This filing lists 1 non-derivative transaction. Open-market sales total $1.77M. It was filed 4 days after the trade.
This amendment replaces 0001857816-24-000228 (filed Dec 9, 2024).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Wan XinCIK 0002004239 | Officer (Chief Technology Officer) |
| Faithful Winner Holdings LtdCIK 0002014819 | Officer (Chief Technology Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 6, 2024 | Class A Ordinary Shares, par value $0.05 per share | SSaleDisposed | −80,000 | $22.14F2 | −$1,771,200 | 70,000 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
This is an amendment to the Form 4 filed on December 9, 2024. The shares were sold pursuant to the 10b5-1 plan adopted on June 26, 2024.
- F2
Represents the weighted average sale price. The lowest price at which shares were sold was $21.52 and the highest price at which shares were sold was $22.50.
Referenced by the price of 1 transaction in Table I.
- F3
The Form 4 filed on December 9, 2024 incorrectly reported the amount of securities beneficially owned following the reported transaction, which should be 70,000 as indicated in this amendment.
- F4
Represents Class A Ordinary Shares held by Dongsi Tou Tiao Limited, a company incorporated in British Virgin Islands, for Mr. Xin Wan ("Mr. Wan"). Dongsi Tou Tiao Limited is controlled and managed by Dongsi Tou Tiao Trust, a trust established under a trust deed dated July 13, 2021 between GigaCloud Technology Inc and Futu Trustee as trustee. The trust's beneficiaries are certain directors and executive officers of the Issuer, including Mr. Xin Wan, who are the participants of the Issuer's 2008 Share Incentive Plan and 2017 Share Incentive Plan. The trust deed provides that the trustee shall not exercise the voting rights attached to the Issuer's shares held by Dongsi Tou Tiao Limited, or the investment and dispositive power, unless otherwise directed by the advisory committee of the trust.
- F5
The Form 4 filed on December 9, 2024 incorrectly reported the amount of securities beneficially owned following the reported transaction, which should be 807,540 as indicated in this amendment.
- F6
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.
- F7
The securities are directly held by FAITHFUL WINNER HOLDINGS LIMITED. Xin Wan is the sole shareholder and sole director of FAITHFUL WINNER HOLDINGS LIMITED and may be deemed to be an indirect beneficial owner of the securities held by FAITHFUL WINNER HOLDINGS LIMITED.