Grid Dynamics (NASDAQ: GDYN) CEO covers RSU taxes with shares
Rhea-AI Filing Summary
GRID DYNAMICS HOLDINGS, INC. reported an insider transaction by CEO Leonard Livschitz involving Common Stock. On 2026-08-14, 252 shares were delivered or withheld at $7.65 per share to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units. These shares are held indirectly through the reporting person’s spouse, with 11,008 indirect shares owned after the transaction, while a separate entry shows 3,355,528 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 252 shares
Net Sell
2 txns
Insider
Livschitz Leonard
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 252 | $7.65 | $2K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,008 shares (Indirect, See footnote);
Common Stock — 3,355,528 shares (Direct)
Footnotes (2)
- F1. This transaction represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
- F2. The shares are held by the Reporting Person's spouse.
Key Figures
Shares delivered/withheld for taxes: 252 shares
Per-share value for tax withholding: $7.65 per share
Indirect holdings after transaction: 11,008 shares
+1 more
4 metrics
Shares delivered/withheld for taxes
252 shares
Common Stock used to cover tax withholding on RSU vesting on 2026-08-14
Per-share value for tax withholding
$7.65 per share
Value applied to the 252 shares delivered or withheld
Indirect holdings after transaction
11,008 shares
Common Stock held indirectly through spouse after 2026-08-14 transaction
Direct holdings reported
3,355,528 shares
Common Stock held directly by Leonard Livschitz in holding entry
Key Terms
restricted stock units, tax withholding obligations, indirect ownership
3 terms
restricted stock units financial
"in connection with the vesting and 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 obligations financial
"shares sold to cover tax withholding obligations in connection with the vesting"
indirect ownership financial
"The shares are held by the Reporting Person's spouse."
FAQ
What insider transaction did GDYN CEO Leonard Livschitz report on this Form 4?
Leonard Livschitz reported a Form 4 transaction where 252 shares of GRID DYNAMICS HOLDINGS, INC. common stock were delivered or withheld to cover tax withholding obligations arising from restricted stock unit vesting on 2026-08-14.
What are Leonard Livschitz’s indirect GDYN holdings after this reported transaction?
After the transaction, indirect holdings total 11,008 shares of GDYN common stock. The filing states these shares are held by the reporting person’s spouse, and the tax-related disposition did not eliminate this indirect position.
Was the GDYN insider transaction a market sale by the CEO?
The reported transaction was not a typical market sale. It reflects 252 shares delivered or withheld at $7.65 solely to cover tax withholding obligations related to restricted stock unit vesting, rather than a discretionary open-market disposition.
AI-generated analysis. How Rhea-AI works. Not financial advice.
