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ICEBERY LTD, a GigaCloud Technology Inc (NASDAQ:GCT) officer, has sold 89,998 shares of the company’s Class A Ordinary Shares between November 12 and November 14, 2025, for approximately $2.82 million. The sales, executed under a prearranged 10b5-1 trading plan, occurred at prices ranging from $30.4199 to $32.85 per share.
The transactions, which were disclosed in a Form 4 filing with the Securities and Exchange Commission, reveal that on November 12, ICEBERY LTD sold 24,554 shares at a weighted average price of $31.28, with prices ranging from $31.01 to $32.00, and another 5,446 shares at a weighted average price of $32.36, with prices ranging from $32.01 to $32.78. On November 13, the entity sold 21,432 shares at a weighted average price of $31.85, with prices ranging from $31.39 to $32.39, and a further 8,568 shares at a weighted average price of $32.85, with prices ranging from $32.42 to $33.39. The sales concluded on November 14 with the disposal of 30,000 shares at a weighted average price of $30.4199, with prices ranging from $30.00 to $30.94.
Following these transactions, ICEBERY LTD directly holds 596,805 shares of GigaCloud Technology Inc. Xinyan Hao, as the sole shareholder and director of ICEBERY LTD, may be deemed the indirect beneficial owner of these shares.
In other recent news, GigaCloud Technology reported its Q3 2025 earnings, significantly outperforming expectations. The company achieved an earnings per share (EPS) of $0.99, surpassing the anticipated $0.72. Additionally, GigaCloud Technology exceeded revenue forecasts, bringing in $333 million compared to the expected $299.83 million. These results highlight the company’s robust financial performance in the recent quarter. Despite this positive financial outcome, the company’s stock experienced a decline during regular trading hours. Analysts from various firms have taken note of these developments, although no specific upgrades or downgrades were mentioned. Investors continue to monitor GigaCloud Technology’s performance closely in light of these recent developments.
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