$GigaCloud Technology (GCT.US)$ 10% Shareholder Wu Lei sold 44,000 shares of common stock on Apr 24, 2024 at an average price of $36.5 for a total value of $1.61 million.
This transaction involves other related parties: JI XIANG HU TONG HOLDINGS LTD, SHAN LAO HU TONG LLC and TALENT BOOM GROUP LTD.
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.