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GigaCloud Technology(GCT.US) 10% Shareholder Sells US$4.86 Million in Common Stock

moomoo News ·  May 9 22:06

$GigaCloud Technology (GCT.US)$ 10% Shareholder Wu Lei sold 124K shares of common stock on May 7, 8, 2024 at an average price of $39.2 for a total value of $4.86 million.

This transaction involves other related parties: JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC and TALENT BOOM GROUP LTD.

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What is statement of changes in beneficial ownership of securities?

It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.

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