GigaCloud Technology Inc.

06/28/2024 | Press release | Distributed by Public on 06/28/2024 18:04

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Lin Frank Hurst
2. Issuer Name and Ticker or Trading Symbol
GigaCloud Technology Inc [GCT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DCM , 2420 SAND HILL ROAD, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
MENLO PARK CA 94025
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Lin Frank Hurst
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
Bonner Matthew C.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM IV L P
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM Affiliates Fund IV L P
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM Investment Management IV, L.P.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM International IV, Ltd
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM IX, L.P.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM Affiliates Fund IX, L.P.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM Investment Management IX, L.P.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X
DCM International IX, Ltd.
C/O DCM
2420 SAND HILL ROAD, SUITE 200
MENLO PARK, CA94025
X X

Signatures

/s/ Matthew C. Bonner, attorney-in-fact for Frank Hurst Lin 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM IV, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Affiliates Fund IV, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Investment Management IV, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM International IV, Ltd. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM IX, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Affiliates Fund IX, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Investment Management IX, L.P. 2024-06-28
**Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM International IX, Ltd. 2024-06-28
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) An aggregate of 131,222 class A ordinary shares was sold by DCM IV, L.P ("DCM IV") and an aggregate of 3,337 class A ordinary shares was sold by DCM Affiliates Fund IV, L.P. ("Affiliates IV") on June 26, 2024.
(2) Represents the weighted average sale price. The lowest price at which shares were sold was $29.41 and the highest price at which shares were sold was $30.40.
(3) Includes class A ordinary shares directly held by each of DCM IV, Affiliates IV, DCM IX, L.P. ("DCM IX") and DCM Affiliates Fund IX, L.P. ("Affiliates IX").
(4) DCM Investment Management IV, L.P. ("DGP IV") is the general partner of each of DCM IV and Affiliates IV. DCM International IV, Ltd. ("UGP IV") is the general partner of DGP IV. DGP IV and UGP IV may each be deemed to have sole voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IV and Affiliates IV.
(5) DCM Investment Management IX, L.P. ("DGP IX") is the general partner of each of DCM IX and Affiliates IX. DCM International IX, Ltd. ("UGP IX") is the general partner of DGP IX. DGP IX and UGP IX may each be deemed to have sole voting and investment power over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IX and Affiliates IX.
(6) DGP IV, UGP IV, DGP IX, UGP IX, Lin and Bonner each disclaim beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that any of the reporting persons is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
(7) Frank Hurst Lin ("Lin") and Matthew C. Bonner ("Bonner") are the directors of UGP IV and UGP IX and may each be deemed to have share voting and investment power with DGP IV, UGP IV and DGP IX and UGP IX over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IV, Affiliates IV, DCM IX and Affiliates IX. Andre G. Levi ("Levi") is a director of UGP IX and may be deemed to have share voting and investment power with DGP IX and UGP IX over, and may be deemed to be an indirect beneficial owner of, the securities held by DCM IX and Affiliates IX.
(8) Represents the weighted average sale price. The lowest price at which shares were sold was $30.41 and the highest price at which shares were sold was $30.80.
(9) An aggregate of 90,900 class A ordinary shares was sold by DCM IV and an aggregate of 2,311 class A ordinary shares was sold by Affiliates IV on June 27, 2024.
(10) Represents the weighted average sale price. The lowest price at which shares were sold was $29.14 and the highest price at which shares were sold was $30.13.
(11) Represents the weighted average sale price. The lowest price at which shares were sold was $30.14 and the highest price at which shares were sold was $30.30.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.