GigaCloud Technology (GCT) filed an 8-K to update the status of CEO Lei Wu's previously disclosed prepaid variable forward transaction. The arrangement originally covered up to 700,000 Class A ordinary shares and was expected to be completed by June 29, 2026. Because market conditions were unfavorable, only 286,058 shares have actually been executed so far, and the remaining 413,942 shares may now be completed during the company's next open trading window, no later than September 30, 2026, still subject to market conditions. The total remains capped at 700,000 shares, the company itself is not selling shares or issuing new ones, and Wu says he currently has no plan to sell company shares beyond that 700,000-share arrangement during the 12 months after June 29, 2026.
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