Wu Lei, a director of GigaCloud Technology Inc (NASDAQ: GCT), along with two entities affiliated with him - Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings LTD - sold a total of 58,990 Class A Ordinary Shares for approximately $2.45 million. The transactions took place between March 19 and March 20, 2026, with execution prices spanning $40.06 to $42.54 per share.
The share disposals were carried out under a pre-arranged 10b5-1 trading plan that the director adopted on September 24, 2025. That trading plan has now concluded.
In related filings, GigaCloud disclosed that on March 19, 2026, a block of 60,000 Class A Ordinary Shares that had been indirectly held by Mr. Wu through Ji Xiang Hu Tong Holdings Limited was transferred to become directly held by Mr. Wu. Also noted was a March 18, 2026 transfer in which 125,000 Class B Ordinary Shares, previously indirectly held via Ji Xiang Hu Tong Holdings Limited, were reclassified so they are directly held by Mr. Wu.
Following these transactions and transfers, Mr. Wu continues to hold a substantial position in both Class A and Class B Ordinary Shares through Shan Lao Hu Tong LLC and Ji Xiang Hu Tong Holdings Limited, as reported in the filings.
The insider activity arrives after an exceptionally strong 12-month run for GCT stock, which has climbed 168% over the past year. As of the time noted in the report, the share price trades at $40.31, approximately 16% below the 52-week high of $48. According to InvestingPro analysis cited in the filings, the stock has a Fair Value estimate of $48.08, indicating that, by that measure, the shares may still have room to the upside relative to current market price.
GigaCloud also released its fourth-quarter results for 2025 that outperformed expectations. The company reported earnings per share of $1.16 versus a consensus projection of $0.66, a 75.76% beat. Revenue came in at $362.7 million compared with an expected $326.9 million, representing a 10.95% surprise to the upside.
In corporate developments, GigaCloud announced a partnership with Otto Group to introduce select sellers to Otto’s European marketplace. The agreement is intended to leverage GigaCloud’s supplier network and technology to broaden the assortment on Otto’s platform.
Shareholder engagement logistics were also disclosed. GigaCloud scheduled its 2026 annual shareholder meeting for July 10, 2026, and set the record date for voting eligibility at April 28, 2026. The company said that details regarding the meeting’s time and location will be provided in the forthcoming proxy statement.
Investors and market participants reviewing these disclosures will find both the completed 10b5-1 sales and the transfers of indirect holdings to direct ownership to be material elements of the director’s recent activity. The company’s recent earnings outperformance and the Otto Group partnership were also highlighted in the filings as part of GigaCloud’s ongoing operational and strategic developments.