Leonard Livschitz - Feb 13, 2025 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Signature
/s/Anil Doradla, by power of attorney
Stock symbol
GDYN
Transactions as of
Feb 13, 2025
Transactions value $
-$8,994,434
Form type
4
Date filed
2/18/2025, 08:50 PM
Previous filing
Feb 6, 2025
Next filing
Feb 25, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $0 +666K +22.25% $0.00 3.66M Feb 13, 2025 Direct F1
transaction GDYN Common Stock Tax liability -$7.89M -358K -9.8% $22.01 3.3M Feb 18, 2025 Direct F2
transaction GDYN Common Stock Sale -$1.11M -50K -1.52% $22.11 3.25M Feb 18, 2025 Direct F3, F4
transaction GDYN Common Stock Award $0 +8.75K +186.41% $0.00 13.4K Feb 14, 2025 See footnote F5, 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 Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on January 1, 2024.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the issuance of shares pursuant to performance share awards granted to the Reporting Person on January 1, 2024.
F3 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.
F4 This transaction was executed in multiple trades at prices ranging from $21.80 to $22.51. 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 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. One-quarter of the RSUs shall vest on February 14, 2026 and one-sixteenth of the RSUs shall vest on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F6 The shares are held by the Reporting Person's spouse.