Grid Dynamics (NASDAQ: GDYN) CEO has 35,968 shares withheld for tax obligations

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

GRID DYNAMICS HOLDINGS, INC. CEO Leonard Livschitz filed an amended insider report showing a routine tax-related share disposition. On July 1, 2026, 35,968 shares of common stock were withheld by the company at $6.24 per share to satisfy tax obligations tied to net settlement of restricted stock units, rather than sold on the open market.

After this withholding, Livschitz directly holds 3,355,528 common shares and indirectly holds 11,260 shares through his spouse. The amendment corrects a clerical error in the original Form 4 filed on July 2, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Livschitz Leonard

Role CHIEF EXECUTIVE OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	35,968	$6.24	$224K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,355,528 shares (Direct, null); Common Stock — 11,260 shares (Indirect, See footnote)

Footnotes (1)

The initial Form 4 filed on July 2, 2026, is being amended by this Form 4 Amendment to correct a clerical error. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with net settlement of restricted stock units. The shares are held by the Reporting Person's spouse.

Key Figures

Tax-withheld shares: 35,968 shares Withholding price: $6.24 per share Direct holdings after transaction: 3,355,528 shares +2 more

5 metrics

Tax-withheld shares 35,968 shares Common stock withheld for tax obligations on July 1, 2026

Withholding price $6.24 per share Price used for tax-withholding disposition

Direct holdings after transaction 3,355,528 shares Common stock directly held by CEO after July 1, 2026

Indirect holdings after transaction 11,260 shares Common stock held indirectly through spouse

Transaction code F Payment of tax liability by delivering securities

Key Terms

Form 4 Amendment, restricted stock units, tax withholding, net settlement

4 terms

Form 4 Amendment regulatory

"The initial Form 4 filed on July 2, 2026, is being amended by this Form 4 Amendment to correct a clerical error."

restricted stock units financial

"in connection with net settlement of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding financial

"shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations"

Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.

net settlement financial

"in connection with net settlement of restricted stock units."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 08:13 PM Accepted by SEC EDGAR 07/02/2026 - 08:12 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Livschitz Leonard

(Last)

(First)

(Middle)

C/O GRID DYNAMICS HOLDINGS, INC.

6101 BOLLINGER CANYON ROAD, SUITE 465

(Street)

SAN RAMON

CALIFORNIA

94583

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GRID DYNAMICS HOLDINGS, INC. [ GDYN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF EXECUTIVE OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/02/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/01/2026⁽¹⁾		F		35,968⁽²⁾	D	$6.24	3,355,528	D
Common Stock								11,260	I	See footnote⁽³⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The initial Form 4 filed on July 2, 2026, is being amended by this Form 4 Amendment to correct a clerical error.

2. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with net settlement of restricted stock units.

3. The shares are held by the Reporting Person's spouse.

Remarks:

	/s/Anil Doradla, by power of attorney	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did GDYN CEO Leonard Livschitz report in this Form 4/A?

GDYN CEO Leonard Livschitz reported an amended insider transaction where 35,968 GRID DYNAMICS shares were withheld for taxes. The withholding related to net settlement of restricted stock units and corrected a clerical error in a prior Form 4 filing.

How many GRID DYNAMICS (GDYN) shares were withheld for taxes?

A total of 35,968 GDYN common shares were withheld at $6.24 per share. These shares were used to cover tax withholding and remittance obligations arising from the net settlement of restricted stock units granted to the CEO.

Did the GDYN CEO sell shares on the open market in this filing?

The GDYN CEO did not sell shares on the open market in this filing. Instead, 35,968 shares were withheld by the issuer to satisfy tax obligations related to restricted stock units, a non-market, administrative disposition classified under transaction code F.

How many GDYN shares does Leonard Livschitz hold after this transaction?

After the transaction, Leonard Livschitz directly holds 3,355,528 GDYN common shares. He also indirectly holds 11,260 additional shares through his spouse, as disclosed in the footnotes to the amended Form 4 filing.

Why was this GDYN Form 4/A filed as an amendment?

The Form 4/A for GDYN was filed to correct a clerical error in the initial Form 4 submitted on July 2, 2026. The amendment clarifies that the 35,968 shares were withheld for tax obligations tied to restricted stock unit settlement.