Eric Benhamou - Mar 16, 2022 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: Mar 16, 2022
Transactions value $: $255,680
Form type: 4
Date filed: 3/17/2022, 07:35 PM
Previous filing: Dec 22, 2021
Next filing: Apr 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDYN	Common Stock	Purchase	$256K	+23.5K	$10.88	23.5K	Mar 16, 2022	See footnote	F1
holding	GDYN	Common Stock					266K	Mar 16, 2022	Direct
holding	GDYN	Common Stock					0	Mar 16, 2022	See footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares are held of record by The Eric Benhamou Living Trust, for which the Reporting Person serves as trustee.
F2	The Reporting Person is no longer reporting indirect ownership of shares held by the BGV Opportunity Fund LP as a group of three individuals has voting and dispositive control over such shares, with each individual having one vote, and the approval of two of the three individuals is required to approve an action; therefore, under the so-called "rule of three," no one individual is deemed to have or share beneficial ownership of such shares.

Content

The shares are held of record by The Eric Benhamou Living Trust, for which the Reporting Person serves as trustee.

The Reporting Person is no longer reporting indirect ownership of shares held by the BGV Opportunity Fund LP as a group of three individuals has voting and dispositive control over such shares, with each individual having one vote, and the approval of two of the three individuals is required to approve an action; therefore, under the so-called "rule of three," no one individual is deemed to have or share beneficial ownership of such shares.