Lloyd Carney - Nov 22, 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
Nov 22, 2022
Transactions value $
-$2,076,280
Form type
4
Date filed
11/25/2022, 06:29 PM
Previous filing
May 3, 2022
Next filing
Dec 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Sale -$749K -60K -7.81% $12.48 709K Nov 22, 2022 Direct F1
transaction GDYN Common Stock Sale -$287K -23K -44.92% $12.48 28.2K Nov 22, 2022 See footnote F2, F3
transaction GDYN Common Stock Sale -$753K -60K -8.47% $12.55 649K Nov 23, 2022 Direct F4
transaction GDYN Common Stock Sale -$288K -23K -81.56% $12.50 5.2K Nov 23, 2022 See footnote F3
holding GDYN Common Stock 12.5K Nov 22, 2022 See footnote F5
holding GDYN Common Stock 289K Nov 22, 2022 See footnote F6
holding GDYN Common Stock 19.7K Nov 22, 2022 See footnote F7
holding GDYN Common Stock 74.3K Nov 22, 2022 See footnote F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $12.40 to $12.56. 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.
F2 This transaction was executed in multiple trades at prices ranging from $12.44 to $12.57. 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 The shares are held of record by The Lloyd Carney Foundation (the "Foundation"). Shares held by the Foundation were acquired upon transfer from the Reporting Person prior to the date hereof. The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person. Proceeds from the sale of the share will be donated to various charities.
F4 This transaction was executed in multiple trades at prices ranging from $12.50 to $12.60. 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.
F5 The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.
F6 The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust (the "2018 GRAT"). Shares held by the 2018 GRAT were acquired upon transfer from the Reporting Person prior to the date hereof.
F7 The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust (the "2020 GRAT"). Shares held by the 2020 GRAT were acquired upon transfer from the Reporting Person prior to the date hereof.
F8 The shares are held by the Ana M. Carney Living Trust (the "Living Trust"). Ana M. Carney is the Reporting Person's spouse. Shares held by the Living Trust were acquired upon transfer from the Reporting Person prior to the date hereof