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GigaCloud Technology(GCT.US) 10% Shareholder Sells US$2.12 Million in Common Stock

moomoo News · Apr 22 22:35

GCT +7.41%

$GigaCloud Technology (GCT.US)$ 10% Shareholder Wu Lei sold 58,177 shares of common stock on Apr 18, 19, 2024 at an average price of $36.38 for a total value of $2.12 million.

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

Source: Announcement

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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