Grid Dynamics (NASDAQ: GDYN) CFO has 702 shares withheld for RSU taxes

Rhea-AI Filing Summary

GRID DYNAMICS HOLDINGS, INC. Chief Financial Officer Anil Doradla had 702 shares of Common Stock withheld at $5.60 per share. These shares were retained by the company to satisfy tax withholding and remittance obligations tied to the net settlement of restricted stock units. After this tax-withholding disposition, Doradla directly holds 400,143 shares of Common Stock, so the withheld amount represents only a small portion of his reported holdings.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Doradla Anil

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	702	$5.60	$4K

Holdings After Transaction: Common Stock — 400,143 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 702 shares Withholding price per share: $5.60 per share Shares held after transaction: 400,143 shares

3 metrics

Shares withheld for taxes 702 shares Tax-withholding disposition of Common Stock

Withholding price per share $5.60 per share Value used for the 702 withheld shares

Shares held after transaction 400,143 shares Direct Common Stock holdings after tax withholding

Key Terms

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

4 terms

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

"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"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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^*

Doradla Anil

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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)

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	04/28/2026		F		702(1)	D	$5.6	400,143	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.

Remarks:

	/s/ Anil Doradla	04/28/2026
	** 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)

FAQ

What insider transaction did GDYN CFO Anil Doradla report on this Form 4?

The GDYN CFO reported a tax-withholding disposition of 702 shares of Common Stock. These shares were withheld by Grid Dynamics to cover tax obligations arising from the net settlement of restricted stock units, rather than being sold on the open market.

Was the GDYN CFO’s Form 4 transaction an open-market sale of shares?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Grid Dynamics withheld 702 shares from the CFO to satisfy tax withholding and remittance obligations linked to restricted stock unit settlement, a common administrative equity-compensation event.

How many GDYN shares were withheld for the CFO’s tax obligations?

The company withheld 702 shares of Grid Dynamics Common Stock at $5.60 per share. This withholding was used to meet tax obligations associated with the net settlement of restricted stock units awarded to the Chief Financial Officer under the company’s equity program.

How many GDYN shares does the CFO hold after this tax-withholding event?

Following the 702-share tax-withholding disposition, the CFO directly holds 400,143 shares of Grid Dynamics Common Stock. This shows that the withheld amount is relatively small compared with his remaining reported ownership position disclosed in the same Form 4 filing.

What does “tax-withholding disposition” mean in the GDYN Form 4 filing?

A tax-withholding disposition means the issuer retains shares to cover tax liabilities from equity awards. In this case, Grid Dynamics withheld 702 shares from the CFO to satisfy tax withholding and remittance obligations when his restricted stock units were net settled in stock.