GigaCloud CEO's entity pledges up to 700k shares via prepaid forward contract

GigaCloud Technology Inc

CEO Lei Wu's affiliate filed Form 144 to enter a PVFC pledging up to 700,000 Class A shares (1.9% of total outstanding).
Pledged shares represent ~9.5% of Wu's beneficial ownership; acquired via conversion of Class B shares.
PVFC expected to execute by June 29, 2026, with a tenor of approximately three years.
Wu states no intent to sell any Company shares in the 12 months following PVFC execution.
Purpose: orderly diversification and liquidity while retaining upside exposure up to a cap.

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