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GigaCloud Technology(GCT.US) 10% Shareholder Sells US$1.01 Million in Common Stock

moomoo News ·  May 17 22:06

$GigaCloud Technology (GCT.US)$ 10% Shareholder Wu Lei sold 28,376 shares of common stock on May 15, 16, 2024 at an average price of $35.74 for a total value of $1.01 million.

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

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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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