GCT 8-K
GigaCloud Technology Inc (GCT)
8-K
2026-08-10
For: 2026-08-10
View Original
Added on
August 10, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 8.01. Other Events.
As previously disclosed on May 11, 2026, an affiliated entity of Mr. Lei Wu, Chief Executive Officer of GigaCloud Technology Inc (the “Company”), filed a notice on Form 144 indicating its intent to enter into a prepaid variable forward transaction with respect to up to 700,000 Class A ordinary shares of the Company (the “PVFC Shares”). The previously disclosed PVFC was expected to be executed no later than June 29, 2026, and was expected to have a tenor of approximately three years. Since such disclosure and through the date hereof, the prepaid variable forward transaction has only been executed with respect to 286,058 PVFC Shares due to unfavorable market conditions, and, as a result, 413,942 PVFC Shares remain subject to execution under the previously disclosed arrangement.
Mr. Wu completed applicable internal procedures and received approval to permit his affiliated entity to complete the previously disclosed arrangement with respect to the remaining 413,942 PVFC Shares during the Company’s next open trading window and, in any event, no later than September 30, 2026, subject to market conditions. The contemplated transaction does not increase the maximum number of PVFC Shares covered by the arrangement beyond the 700,000 PVFC Shares previously disclosed.
The transaction remains part of Mr. Wu’s previously disclosed orderly diversification and liquidity planning and does not involve any sale of shares by the Company or issuance of new shares. Mr. Wu has informed the Company that, absent unforeseen changes in circumstances, he presently has no intention to execute any sales of Company shares, beyond the 700,000 PVFC Shares previously disclosed, during the 12-month period following June 29, 2026.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 10th day of August 2026.
By: | /s/ Larry Lei Wu | ||||
Name: | Larry Lei Wu | ||||
Title: | Chairman of the Board of Directors and Chief Executive Officer | ||||