Leonard Livschitz - 21 Nov 2024 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Signature
/s/Anil Doradla, by power of attorney
Issuer symbol
GDYN
Transactions as of
21 Nov 2024
Net transactions value
-$92,816
Form type
4
Filing time
25 Nov 2024, 16:19:54 UTC
Previous filing
20 Nov 2024
Next filing
05 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Tax liability $2,816 -159 -3.3% $17.71 4,694 21 Nov 2024 See footnote F1, F2
transaction GDYN Common Stock Sale $90,000 -5,000 -0.15% $18.00 3,385,901 22 Nov 2024 Direct F3
* 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 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.
F2 The shares are held by the Reporting Person's spouse.
F3 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 1, 2023.