Sec Form 4 Filing - Lin Frank Hurst @ GigaCloud Technology Inc - 2024-03-28

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 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 X __ 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 (MM/DD/YY)
03/28/2024
(Street)
MENLO PARK, CA94025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/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
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Shares, par value $0.05 per share 03/28/2024 S 70,154 D $ 27.1762 ( 1 ) 5,694,148 ( 2 ) I By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. ( 3 ) ( 4 ) ( 5 ) ( 6 )
Class A Ordinary Shares, par value $0.05 per share 03/28/2024 S 24,259 D $ 27.9708 ( 7 ) 5,669,889 ( 2 ) I By DCM IV, L.P., DCM Affiliates Fund IV, L.P., DCM IX, L.P. and DCM Affiliates Fund IX, L.P. ( 3 ) ( 4 ) ( 5 ) ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration 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 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM IV, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Affiliates Fund IV, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Investment Management IV, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM International IV, Ltd. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM IX, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Affiliates Fund IX, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM Investment Management IX, L.P. 03/29/2024
Signature of Reporting Person Date
/s/ Matthew C. Bonner, attorney-in-fact for DCM International IX, Ltd. 03/29/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the weighted average sale price. The lowest price at which shares were sold was $26.75 and the highest price at which shares were sold was $27.74.
( 2 )Includes class A ordinary shares directly held by each of DCM IV, L.P ("DCM IV"), DCM Affiliates Fund IV, L.P. ("Affiliates IV"), DCM IX, L.P. ("DCM IX") and DCM Affiliates Fund IX, L.P. ("Affiliates IX").
( 3 )On March 28, 2024, DCM IV sold 92,072 class A ordinary shares and Affiliates IV sold 2,341 class A ordinary shares.
( 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. 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.
( 5 )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.
( 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 )Represents the weighted average sale price. The lowest price at which shares were sold was $27.75 and the highest price at which shares were sold was $28.50.

Remarks:
1. Lin serves on the board of directors of the Issuer. 2. Matthew C. Bonner signs as attorney-in-fact for each of Lin, DCM IV, Affiliates IV, DGP IV, UGP IV, DCM IX, Affiliates IX, DGP IX and UGP IX pursuant to a Power of Attorney which was included in the Schedule 13D filed by the Reporting Persons with the Securities and Exchange Commission on August 29, 2023.

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