Wu Lei, CEO of GigaCloud Technology (GCT), has been a net seller of his company's stock over the past year, with all 87 of his reported transactions confined to that single ticker. The data shows a clear directional bias: he has made $36.9 million in total sales and zero purchases. The most recent cluster of activity occurred in mid-March 2026, when he executed a series of open-market sales (Code S) between March 13 and March 20. These transactions ranged in size from roughly $21,000 to $1.25 million each, with the largest single sale hitting $1.25 million on March 16.
The selling pattern is not uniform, however. While the March sales are numerous, they are not constant. The most recent 13 filings show no open-market purchases at all, and the last reported sale was on March 20. Since then, the filings have been dominated by non-cash events: option exercises (Code M), gifts (Code G), and compensation awards (Code A). These later filings, such as the August 20 exercise and the April 7 award, carry a value of $0 and do not represent a change in his cash position. The last actual sale, at $179,694 on March 20, appears to be the tail end of that selling spree.
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