Grid Dynamics (NASDAQ: GDYN) CFO sees 765 RSU shares withheld for taxes

Rhea-AI Filing Summary

Grid Dynamics Holdings chief financial officer Anil Doradla reported an administrative share withholding related to equity compensation. On January 28, 2026, 765 shares of common stock were withheld by the company at $8.28 per share to cover tax obligations from restricted stock units. Following this withholding, Doradla beneficially owned 375,710 shares of Grid Dynamics common stock directly.

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

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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^*

Doradla Anil

(Last) (First) (Middle)

C/O GRID DYNAMICS HOLDINGS, INC.

6101 BOLLINGER CANYON ROAD, SUITE 465

(Street)

SAN RAMON CA 94583

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/28/2026		F		765(1)	D	$8.28	375,710	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

	/s/Anil Doradla	01/30/2026
	** 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.
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FAQ

What insider transaction did GDYN CFO Anil Doradla report on January 28, 2026?

GDYN CFO Anil Doradla reported an administrative transaction where 765 common shares were withheld by Grid Dynamics on January 28, 2026 at $8.28 per share to satisfy tax withholding obligations from restricted stock unit settlement.

How many Grid Dynamics (GDYN) shares were withheld for taxes from the CFO?

Grid Dynamics withheld 765 shares of common stock from CFO Anil Doradla to cover tax withholding and remittance obligations tied to net settlement of restricted stock units, rather than an open-market sale of shares by the executive.

What price was used for the GDYN shares withheld from the CFO?

The shares withheld from GDYN CFO Anil Doradla were valued at $8.28 per share. This price applies to the 765 common shares used by Grid Dynamics to satisfy the tax obligations connected to his restricted stock unit settlement.

How many GDYN shares does CFO Anil Doradla own after this Form 4 transaction?

After this withholding transaction, CFO Anil Doradla beneficially owned 375,710 shares of Grid Dynamics common stock directly. This figure reflects his holdings following the 765-share tax withholding related to the net settlement of restricted stock units.

Was the GDYN CFO’s Form 4 transaction a sale on the open market?

The Form 4 does not show an open-market sale. Instead, 765 Grid Dynamics shares were withheld by the issuer to meet tax withholding and remittance obligations arising from the net settlement of restricted stock units granted to the CFO.