Leonard Livschitz - 01 Apr 2025 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Signature
/s/Anil Doradla, by power of attorney
Issuer symbol
GDYN
Transactions as of
01 Apr 2025
Net transactions value
-$1,025,484
Form type
4
Filing time
03 Apr 2025, 17:53:57 UTC
Previous filing
20 Mar 2025
Next filing
17 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Sale $468,300 -30,000 -0.95% $15.61 3,139,081 01 Apr 2025 Direct F1, F2
transaction GDYN Common Stock Tax liability $557,184 -35,901 -1.1% $15.52 3,103,180 01 Apr 2025 Direct F3
holding GDYN Common Stock 13,289 01 Apr 2025 See footnote F4
* 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 shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $15.41 to $15.85. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F3 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with net settlement of restricted stock units.
F4 The shares are held by the Reporting Person's spouse.