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GigaCloud Technology(GCT.US) Officer Sells US$12.7 Million in Common Stock

moomoo News ·  May 14 22:33

$GigaCloud Technology (GCT.US)$ Officer Hao Xinyan sold 350K shares of common stock on May 13, 14, 2024 at an average price of $36.2873 for a total value of $12.7 million.

This transaction involves other related parties: ICEBERY 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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