GigaCloud Technology Inc
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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Jun 30, 2024 · Filed Aug 6, 2024
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Item 5. Other Information
(a) and (b) None.
(c) Rule 10b5-1 Trading Plan
On June 26, 2024, Mr. Xin Wan, our Chief Technology Officer, adopted a trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act, for the sale of up to 150,000 shares of our Class A ordinary shares held indirectly through Dongsi Tou Tiao Limited. Dongsi Tou Tiao Limited is controlled and managed by Dongsi Tou Tiao Trust, a trust established under a trust deed dated July 13, 2021 between us and Futu Trustee as trustee. The trust’s beneficiaries are certain of our directors and executive officers, including Mr. Wan. Mr. Wan's trading arrangement is scheduled to expire no later than December 31, 2024.
Except for the foregoing, during the three months ended June 30, 2024, no other director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of our company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” each as defined in Item 408(a) of Regulation S-K.
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