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GigaCloud Technology(GCT.US) 10% Shareholder Sells US$1.03 Million in Common Stock

moomoo News · Apr 23 22:24

GCT +7.41%

$GigaCloud Technology (GCT.US)$ 10% Shareholder Wu Lei sold 29,823 shares of common stock on Apr 19, 2024 at an average price of $34.55 for a total value of $1.03 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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