GDEV Founder, Chairman and Chief Executive Officer, Andrey Fadeev Increased Ownership Stake to 37%

Rhea-AI Summary

GDEV (Nasdaq: GDEV) announced that CEO and chairman Andrey Fadeev purchased 2,730,384 ordinary shares from co‑founder Boris Gertsovskiy in a private transaction.

After the purchase, Mr. Fadeev beneficially owns 6,709,391 shares, representing 37.0% of issued and outstanding shares as of December 31, 2025. Mr. Gertsovskiy fully divested his remaining holdings and held no company position at the time. The purchase was made personally; the company was not a party to the transaction.

Positive

• Founder ownership increased to 37.0%
• Share purchase of 2,730,384 ordinary shares

Negative

• Ownership concentration now at 37.0% by one insider
• Former co‑founder fully divested from company share register

News Market Reaction – GDEV

+7.05%

1 alert

+7.05% News Effect

On the day this news was published, GDEV gained 7.05%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CEO ownership stake: 37.0% Shares purchased: 2,730,384 shares CEO total shares: 6,709,391 shares +5 more

8 metrics

CEO ownership stake 37.0% Beneficial ownership of issued and outstanding shares as of Dec 31, 2025

Shares purchased 2,730,384 shares Ordinary shares bought by CEO from co-founder in private transaction

CEO total shares 6,709,391 shares Total GDEV ordinary shares beneficially owned by CEO after transaction

Q4 2025 revenue $90M Preliminary, unaudited Q4 2025 revenue, down 8% YoY

FY 2025 revenue $404M Preliminary, unaudited 12-month 2025 revenue, down 4% YoY

Q4 2025 Adjusted EBITDA $15M Preliminary Adjusted EBITDA for Q4 2025

FY 2025 Adjusted EBITDA $79M Preliminary Adjusted EBITDA for 12 months 2025

52-week range $8.6 – $42.2 Pre-news 52-week low and high for GDEV shares

Market Reality Check

Price: $14.00 Vol: Volume 951 is 0.51x the 2...

low vol

$14.00 Last Close

Volume Volume 951 is 0.51x the 20-day average of 1,882, indicating subdued pre-news trading. low

Technical Trading below 200-day MA at 18.2, with shares at 14.152 before the announcement.

Peers on Argus

GDEV was down 2.06% while several peers like GCL (+2.54%) and PLTK (+2.40%) gain...

GDEV was down 2.06% while several peers like GCL (+2.54%) and PLTK (+2.40%) gained, pointing to stock-specific dynamics rather than a sector-wide move.

Historical Context

2 past events · Latest: 2026-03-05 (Negative)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
2026-03-05	Preliminary earnings	Negative	-7.2%	Preliminary Q4 and FY2025 results with declining revenue and bookings.
2025-11-24	Quarterly earnings	Positive	-2.1%	Q3 2025 results showing revenue decline but strong profit and EBITDA growth.

Pattern Detected

Recent earnings updates with mixed fundamentals have seen negative price reactions, suggesting sensitivity to revenue and bookings trends.

Recent Company History

In the past months, GDEV reported earnings that highlighted revenue pressure but improving profitability. On Nov 24, 2025, Q3 2025 results showed revenue of $98M (-12% YoY) alongside profit growth and stronger Adjusted EBITDA, yet shares fell 2.15%. On Mar 5, 2026, preliminary Q4 and FY2025 results cited Q4 revenue of $90M (down 8% YoY) and FY revenue of $404M (down 4% YoY), with higher Adjusted EBITDA, and the stock declined 7.19%. Today’s insider purchase follows this backdrop of mixed but improving profitability metrics.

Market Pulse Summary

The stock moved +7.0% in the session following this news. A strong positive reaction aligns with new...

Analysis

The stock moved +7.0% in the session following this news. A strong positive reaction aligns with news that the founder and CEO increased his stake to 37.0% through a sizable purchase of 2,730,384 shares. This followed a period where earnings showed revenue declines but improving profitability, including preliminary FY 2025 Adjusted EBITDA of $79M. Investors evaluating such a move typically weigh insider conviction against prior revenue pressure and overall trading below the 200-day moving average.

Key Terms

ordinary shares, beneficially owns, private transaction

3 terms

ordinary shares financial

"his purchase of 2,730,384 GDEV ordinary shares from Boris Gertsovskiy"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

beneficially owns regulatory

"Following the transaction, Mr. Fadeev beneficially owns 6,709,391 GDEV ordinary shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

private transaction financial

"shares from Boris Gertsovskiy, co-founder and former director of the Company, in a private transaction."

A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.

AI-generated analysis. Not financial advice.

LIMASSOL, Cyprus, March 18, 2026 (GLOBE NEWSWIRE) -- GDEV Inc. (Nasdaq: GDEV), an international gaming and entertainment company (“GDEV” or the “Company”), today announced that Andrey Fadeev, Chief Executive Officer and Chairman of the Board of Directors, has notified the Company of his purchase of 2,730,384 GDEV ordinary shares from Boris Gertsovskiy, co-founder and former director of the Company, in a private transaction.

Following the transaction, Mr. Fadeev beneficially owns 6,709,391 GDEV ordinary shares, representing 37.0% of the Company's issued and outstanding shares as of December 31, 2025. Mr. Gertsovskiy has divested himself of the entirety of his remaining shareholding in the Company. At the time of the transaction, Mr. Gertsovskiy did not hold any position of employment (including as a director or officer) at GDEV Inc.

The transaction was conducted by Mr. Fadeev solely in a personal capacity and is not connected with his role as Chief Executive Officer and/or Chairman of the Company. The Company was not a party to the transaction and did not act in concert with Mr. Fadeev in any manner in relation thereto.

About GDEV Inc.

GDEV is a gaming and entertainment holding company, focused on development and growth of its franchise portfolio across various genres and platforms. With a diverse range of subsidiaries including Nexters, Cubic Games, Royal Ark, Game Gears, Light Hour Games among others, GDEV strives to create games that will inspire and engage millions of players for years to come. Its franchises, such as Hero Wars, Island Hoppers, Pixel Gun 3D, Zombie Miner and others have accumulated over 550 million installs and $2.7 billion of bookings worldwide. For more information, please visit www.gdev.inc

Contacts:

Investor Relations
Roman Safiyulin | Chief Corporate Development Officer
investor@gdev.inc 

FAQ

What stake does Andrey Fadeev hold in GDEV (GDEV) after the March 18, 2026 purchase?

Mr. Fadeev beneficially owns 6,709,391 shares, equal to 37.0% of GDEV's issued and outstanding shares as of December 31, 2025. According to the company, this follows his purchase of 2,730,384 shares.

How many shares did Andrey Fadeev buy from Boris Gertsovskiy in the GDEV transaction?

Mr. Fadeev purchased 2,730,384 ordinary shares from Boris Gertsovskiy in a private transaction. According to the company, the transaction was conducted in Mr. Fadeev's personal capacity.

Did the company (GDEV) participate in or coordinate the March 2026 insider share purchase?

No, the company did not participate or act in concert; the purchase was made personally by Mr. Fadeev. According to the company, GDEV was not a party to the transaction.

What happened to Boris Gertsovskiy's remaining GDEV shares after the sale on March 18, 2026?

Mr. Gertsovskiy divested his entire remaining shareholding and held no position at GDEV at the time of sale. According to the company, he fully exited his remaining ownership.

Could Andrey Fadeev's 37% stake affect GDEV shareholder voting or control?

A 37.0% beneficial stake gives Mr. Fadeev substantial voting influence over GDEV corporate matters. According to the company, this reflects his post‑transaction ownership as of December 31, 2025.