Anil Doradla - 21 Oct 2024 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Signature
/s/Anil Doradla
Issuer symbol
GDYN
Transactions as of
21 Oct 2024
Net transactions value
$0
Form type
4
Filing time
23 Oct 2024, 16:15:48 UTC
Previous filing
02 Oct 2024
Next filing
04 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $0 +20,000 +5.5% $0.000000 383,282 21 Oct 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. One-third of the RSUs shall vest on October 28, 2025 and one-twelfth of the RSUs shall vest on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.