GigaCloud technology director Bernes sells $990k in shares

Marshall Bernes, the technology director for GigaCloud Technology Inc., has sold shares of the company in a recent transaction totaling $990,401. The sales occurred on September 24 and 25, 2026, with Bernes selling 4,497 shares at $53.5838 per share and an additional 13,800 shares at $54.3069 per share. This sale follows GigaCloud's impressive second-quarter results for 2026, which surpassed Wall Street expectations with earnings per share of $1.65 and revenue of $411.64 million, marking a 28% increase from the previous year.

The company attributes its success to organic growth and the acquisition of New Classic, with Europe being a significant contributor to the growth. Additionally, GigaCloud has approved a $120 million share buyback plan to enhance capital return efforts.

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