[144] Grid Dynamics Holdings, Inc. SEC Filing

Rhea-AI Filing Summary

MongoDB, Inc. (MDB) – Form 4 insider transaction

President & CEO Dev Ittycheria sold 3,747 shares of Class A common stock on 07/02/2025 at an average price of $206.05 per share. The disposition was executed under transaction code “S” and was expressly designated for tax-withholding related to the vesting of restricted stock units, as noted in footnote 1. Following the sale, Ittycheria still directly owns 253,227 shares, maintaining a substantial equity stake in the company.

• Ownership form remains direct; no derivative transactions were reported.
• The filing does not reference any 10b5-1 trading plan.

Given the modest size of the sale (≈1.5% of his direct holdings) and its stated tax purpose, the market impact is expected to be limited.

Positive

• None.

Negative

• Insider sale by CEO can be perceived negatively, although the filing states the purpose was tax withholding.

Insights

Securities Analyst

TL;DR: CEO sold 3,747 MDB shares (≈$0.77 M) for tax withholding; retains 253 k shares—signal is largely neutral.

The transaction equates to roughly $772 K of gross proceeds and reduces Ittycheria’s holding by only about 1.5%. Footnote 1 clarifies that the sale covers statutory tax obligations from RSU vesting, a routine administrative action rather than an discretionary liquidation. With 253,227 shares still owned, the CEO’s economic exposure remains sizable, limiting bearish interpretation. No derivatives or structured trades were disclosed, and no 10b5-1 plan was indicated, implying a one-off sale. Overall impact on investor sentiment should be minimal.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2000	24440.00	84547653	07/07/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/04/2021	Restricted Stock	ISSUER			2000	05/04/2021	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ANIL KUMAR DORADLA 5000 Executive Parkway, Suite 520 San Ramon CA 94583	Common	06/09/2025	2000	24680.00
ANIL KUMAR DORADLA 5000 Executive Parkway, Suite 520 San Ramon CA 94583	Common	05/07/2025	2000	27100.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many MongoDB (MDB) shares did CEO Dev Ittycheria sell?

He sold 3,747 Class A common shares.

What was the average sale price disclosed in the Form 4?

The shares were sold at an average price of $206.05 per share.

Why did the CEO sell shares according to the filing?

Footnote 1 states the sale was to satisfy tax withholding obligations from RSU vesting.

How many MDB shares does the CEO still own after the sale?

He directly owns 253,227 shares following the transaction.

Was a Rule 10b5-1 trading plan referenced in this Form 4?

No, the filing does not mention a 10b5-1 plan for this sale.