Lloyd Carney - Dec 23, 2024 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Role
Director
Signature
/s/ Anil Doradla, by power of attorney
Stock symbol
GDYN
Transactions as of
Dec 23, 2024
Transactions value $
$94,994
Form type
4
Date filed
12/26/2024, 08:22 PM
Previous filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $95K +4.65K +0.7% $20.42 671K Dec 23, 2024 Direct F1
holding GDYN Common Stock 12.5K Dec 23, 2024 See footnote F2
holding GDYN Common Stock 5.2K Dec 23, 2024 See footnote F3
holding GDYN Common Stock 289K Dec 23, 2024 See footnote F4
holding GDYN Common Stock 19.7K Dec 23, 2024 See footnote F5
holding GDYN Common Stock 74.3K Dec 23, 2024 See footnote F6
* 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. 100% of the RSUs shall vest on December 23, 2025, subject to the Reporting Person continuing as a service provider through such date.
F2 The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.
F3 The shares are held by The Lloyd Carney Foundation (the "Foundation"). The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person.
F4 The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust.
F5 The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.
F6 The shares are held by the Ana M. Carney Living Trust. Ana M. Carney is the Reporting Person's spouse