Lin Frank Hurst

10% owner Lin Frank Hurst sold 2,663,076 shares of GCT for $58.1M on 2024-12-06, reducing stake by -65.4% to 1.41M shares

Lin Frank Hurst divested a substantial majority of his GigaCloud stake, selling 2,663,076 shares (2.66M shares) for $58,055,056.80 ($58.1M) at $21.80—reducing his holdings from 4,069,889 to 1,406,813 shares. This -65.4% reduction in a 10% owner's position is material and signals a significant shift in insider exposure. The sale occurred at $21.80, and the stock has since declined 11.6% over 30 days and 52.0% from its 52-week high of $43.15, suggesting the sale preceded a downward move. Notably, Hurst's prior five trades at this same ticker (all in late June 2024) were uniformly well-timed at the 90-day horizon, with 100% of those sells followed by declines ranging from -27.4% to -37.0%; his cross-ticker track record shows a 100.00% well-timed sell rate across 20 prior open-market sales. Despite strong fundamentals—revenue of $303,316,000.00 ($303.3M), net income of $40,685,000.00 ($40.7M), annual revenue growth of +43.6%, and a P/E of 1.76—the insider's consistent pattern of liquidation before price weakness warrants close monitoring of developments that may have motivated this substantial exit.

Director Lin Frank Hurst sells 149,693 shares in 2 transactions at blended average $30.19 (total $4.5M); follows 5 recent consecutive sales at GCT within 3 days.

Lin Frank Hurst (Director) executed 2 separate sales totaling 149,693 shares for $4,518,733.14, reducing his stake by 3.5% post-transaction. This filing represents the latest of 5 consecutive sales at GCT spanning 2024-06-25 to 2024-06-28, all within a 3-day window, suggesting sustained and accelerating disposition activity. At the transaction prices ($29.93 and $30.80), both sales occurred well below the current price of $32.00 and significantly below the 52-week high of $43.15 (-25.8%). The company's fundamentals remain intact (revenue $251.1M, net income $27.2M, annual growth +43.6%, P/E 3.36), and the repeated sales do not immediately signal external business deterioration. However, the rapid sequence and magnitude of liquidation—combined with Hurst's cross-ticker sell track record averaging -18.1% 30-day return—warrants examination of whether this represents a broader pattern or ticker-specific liquidity event.

Director Lin Frank Hurst sold 227,770 shares for $6,800,054.76 across 4 transactions at GCT on 2024-06-26 to 2024-06-27.

Lin Frank Hurst, a Director at GigaCloud Technology, executed 4 separate sales totaling 227,770 shares for $6,800,054.76 at a blended average price of $29.85 between June 26-27, 2024. His post-transaction holdings of 4,219,582 shares represent a 5.1% reduction from the pre-transaction level of 4,447,352 shares. The company trades at a P/E of 3.20 with recent quarterly revenue of $251,077,000.00 and annual growth of 43.6%, indicating a fundamentally sound business. Notably, across the insider's cross-ticker track record, prior sells have underperformed with an average 30-day return of -16.2%, though timing outcomes at this specific ticker remain unmeasurable due to the recent transaction date.

Director Lin Frank Hurst sells 141,521 shares at avg $29.59, raising $4.2M; retains 4,447,352 shares post-sale

Lin Frank Hurst, a director at GigaCloud Technology, executed 3 separate sales totaling 141,521 shares for $4,187,790.97 between June 24–25, 2024, at prices ranging from $29.26 to $30.30. His post-transaction holdings of 4,447,352 shares represent a reduction of 3.1% relative to his pre-transaction position. The current stock price of $30.12 sits -30.2% below the 52-week high of $43.15, and Hurst's sales occurred within the upper half of the company's 52-week range ($6.76–$43.15), suggesting execution near near-recent peaks. GigaCloud's fundamentals remain solid—revenue of $251,077,000 with net income of $27,195,000 and annual growth of +43.6%—and the company trades at a P/E of 3.17 on a market cap of $333,817,851.60. Across his cross-ticker track record, Hurst's prior sales have returned -16.1% on average over 30 days; his same-ticker history at GCT shows 5 recent prior sales (all outcome-pending), limiting forward-looking visibility into his pattern at this specific stock.

Director Lin Frank Hurst sold 178,379 shares ($5.4M) at GCT over 2 days; retains 4.60M shares post-sale

Director Lin Frank Hurst executed 3 separate sales totaling 178,379 shares for $5,382,574.23 on June 17–18, 2024, at a blended average price of $30.17. The sale reduces his holdings by -3.7% relative to pre-transaction holdings of 4,783,245 shares, leaving him with 4,604,866 shares. GigaCloud trades at $29.46 currently, -31.7% from its 52-week high of $43.15, and the stock has declined -6.3% over the past 30 days despite a +9.5% gain over 90 days. The company reports strong fundamentals with $251.1M in latest quarterly revenue, +43.6% annual growth, and a $27.2M net income (P/E of 3.10). Hurst's five prior transactions at this ticker (all sales on June 13–14) remain too recent to measure 30- or 90-day outcomes. His cross-ticker track record shows 20 prior sells with an average 30-day return of -7.6%, though historical timing patterns at GCT are not yet established. The concentrated sale over two trading days in early June warrants observation given the proximity of multiple transactions and the current price positioning relative to transaction prices.

Director Lin Frank Hurst sold 194,863 shares (194.9K) for $6,147,483.06 in 5 transactions on Jun 13-14 at $31.55 avg

Lin Frank Hurst, Director of GigaCloud Technology, executed 5 separate sales totaling 194,863 shares (194.9K shares) for $6,147,483.06 ($6.1M) over Jun 13-14, reducing his holdings by 3.9% from 4.98M to 4.78M shares. The blended average sale price of $31.55 is notably above the current price of $30.06, while trading volumes at $32.48 and $33.03 show he secured higher prices early in the window. GigaCloud's fundamentals remain solid with annual revenue growth of +43.6%, a P/E of 3.16, and quarterly revenue of $251.1M, but the stock has declined 30.3% from its 52-week high and 15.9% over 30 days. Across all prior open-market activity, the insider's cross-ticker sales showed a 90-day well-timed rate of 100.00%, yet at GigaCloud specifically, his prior 5 trades lack measurable outcomes, making this transaction's significance dependent on forward price movement in the coming months.