Grid Dynamics director Carney sells 39,505 shares
The reported transactions span Carney’s direct shares, a sale by his revocable trust, and a charitable gift to a foundation he controls.
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Form Type
4
Rhea-AI Filing Summary
Grid Dynamics Holdings, Inc. director Lloyd Carney reported a sale of 15,156 common shares on November 5, 2026, at a weighted average price of $13.39 per share, and 39,505 shares on November 6 at a weighted average price of $13.15 per share. The Lloyd A. Carney Revocable Trust sold 12,542 shares on November 6 at a weighted average price of $13.16 per share. Carney also made a bona fide gift of 7,435 shares to The Lloyd Carney Foundation, a 501(c)(3) charity he controls. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Net Seller: 67,203 shares
Net Sell
5 txns
Insider
CARNEY LLOYD
Role
Director
Sold
67,203 shs ($887K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 39,505 | $13.15 | $519K |
| Gift | Common Stock F3 | 7,435 | $0.00 | $0.00 |
| Gift | Common Stock F3, F4 | 7,435 | $0.00 | $0.00 |
| Sale | Common Stock F5, F6 | 12,542 | $13.16 | $165K |
| Sale | Common Stock F1 | 15,156 | $13.39 | $203K |
| Holding | Common Stock F7 | -- | -- | -- |
| Holding | Common Stock F8 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 630,190 shares (Direct);
Common Stock — 308,475 shares (Indirect, See footnote)
Footnotes (8)
- F1. This transaction was executed in multiple trades at prices ranging from $13.38 to $13.42. 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 $13.02 to $13.33. 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 transaction involved a bona fide gift of shares by the reporting person for no consideration.
- F4. The shares are held by The Lloyd Carney Foundation (the "Foundation"). The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person.
- F5. This transaction was executed in multiple trades at prices ranging from $13.02 to $13.32. 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.
- F6. The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.
- F7. The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust.
- F8. The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.
Key Figures
Direct common shares sold: 15,156 shares
Weighted average sale price: $13.39 per share
Direct common shares sold: 39,505 shares
+4 more
7 metrics
Direct common shares sold
15,156 shares
November 5, 2026
Weighted average sale price
$13.39 per share
Direct sale on November 5, 2026
Direct common shares sold
39,505 shares
November 6, 2026
Weighted average sale price
$13.15 per share
Direct sale on November 6, 2026
Revocable trust common shares sold
12,542 shares
November 6, 2026
Weighted average sale price
$13.16 per share
Trust sale on November 6, 2026
Common shares gifted
7,435 shares
Gift to The Lloyd Carney Foundation on November 6, 2026
Key Terms
weighted average sale price, bona fide gift, Grantor Retained Annuity Trust
3 terms
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
bona fide gift regulatory
"The transaction involved a bona fide gift of shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Grantor Retained Annuity Trust financial
"Lloyd Carney 2018 Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
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