Beijing Teamsun Technology Co. Ltd. - Jul 6, 2021 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Role
10%+ Owner
Signature
BEIJING TEAMSUN TECHNOLOGY CO., LTD., By: /s/ Wang Weihang, Director
Stock symbol
GDYN
Transactions as of
Jul 6, 2021
Transactions value $
-$72,144,000
Form type
4
Date filed
7/8/2021, 04:26 PM
Next filing
Oct 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Sale -$72.1M -4.8M -24.63% $15.03 14.7M Jul 6, 2021 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Issuer's public offering, 4,800,000 shares were sold by GDD International Holding Company to the underwriters of the public offering.
F2 Pursuant to an underwritten public offering of the Issuer's common stock (the "Offering"), on June 30, 2021, the Issuer, the selling stockholders named in the Underwriting Agreement (as defined below) and the underwriters of the Offering (the "Underwriter"), entered into an Underwriting Agreement (the "Underwriting Agreement"). Pursuant to the Underwriting Agreement, GDD International Holding Company ("GDD") sold 4,800,000 shares of common stock of the Issuer to the Underwriters. The per share sale price reported in this Form 4 does not reflect underwriting discounts.
F3 These securities are directly held by GDD, which is a wholly-owned subsidiary of GDB International Investment Limited, which is a wholly-owned subsidiary of Automated Systems Holdings Limited, which is a subsidiary controlled by Teamsun Technology (HK) Limited, which is a wholly-owned subsidiary of Beijing Teamsun Technology Co., Ltd. (collectively, the "Teamsun Entities").
F4 Each of the Teamsun Entities may be deemed to beneficially own the securities directly owned by GDD, although each of the Teamsun Entities (other than GDD) disclaims beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than GDD) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.