Overview
Director Lei Wu, together with entities Ji Xiang Hu Tong Holdings LTD and Shan Lao Hu Tong LLC, sold a combined $3.87 million in Class A Ordinary Shares of GigaCloud Technology Inc (NASDAQ:GCT) over three days in mid-March 2026. The transactions were executed between March 16 and March 18, 2026, and the reported sale prices across the series ranged from $42.38 to $44.93 per share.
Details of the transactions
The disposition was executed in multiple tranches. On March 16, 29,510 shares were sold at a weighted average price of $42.38, with executed prices between $41.96 and $42.95. On the same day an additional 490 shares were sold at an average price of $43.03, with that block's prices ranging from $42.98 to $43.13.
On March 17 activity continued with 17,280 shares sold at an average price of $43.05, executed between $42.61 and $43.60. Also on March 17, 9,185 shares were sold at an average of $44.06, with transaction prices between $43.61 and $44.60, and a separate block of 3,535 shares was sold at an average price of $44.93, with prices between $44.63 and $45.37.
Trading on March 18 included a sale of 25,427 shares at an average price of $43.12, with the price range reported between $42.59 and $43.58, plus an additional 4,573 shares sold at an average of $43.71, with prices from $43.59 to $44.05.
Post-transaction holdings and structure
After completing these transactions, the selling entities continue to indirectly hold 120,000 Class A Ordinary Shares. In addition, Ji Xiang Hu Tong Holdings Limited maintains a direct position of 7,276,732 Class B Ordinary Shares, which retain the ability to convert into Class A Ordinary Shares. The sales were carried out pursuant to a 10b5-1 trading plan.
Market context and valuation note
These insider sales took place as GigaCloud's shares have appreciated significantly over the past year, rising 187% to trade at $42.60 and yielding a market capitalization reported at $1.58 billion. According to InvestingPro analysis cited in company filings, the stock is still considered undervalued relative to its Fair Value and appears on InvestingPro’s list of most undervalued stocks.
Recent financial performance and upcoming corporate events
GigaCloud Technology reported fourth-quarter 2025 results that materially exceeded expectations. The company posted earnings per share of $1.16 versus consensus estimates of $0.66, a surprise of 75.76%. Revenue for the quarter reached $362.7 million, versus forecasts of $326.9 million, representing a 10.95% surprise to the upside.
The company has announced its 2026 annual shareholder meeting is scheduled for July 10, 2026. Shareholders eligible to vote will be determined as of April 28, 2026. The company has stated it will include additional information about the meeting in the proxy statement to be filed with the Securities and Exchange Commission prior to the meeting.
Takeaway
The reported block sales by Lei Wu and the affiliated entities were conducted under an established trading plan and left the sellers with continued indirect exposure through retained Class A shares and significant Class B holdings at Ji Xiang Hu Tong Holdings Limited. The activity coincides with a notable stock price gain over the prior 12 months and follows a quarter in which the company surpassed both EPS and revenue expectations.