Grid Dynamics CEO uses 252 shares for taxes

GRID DYNAMICS HOLDINGS, INC. reported an insider transaction by CEO Leonard Livschitz involving Common Stock.

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.

Insider Trade Summary

Tax Withholding: 252 shares

Tax Withholding 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)

1. F1. This transaction represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.
2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many GDYN shares were used to cover taxes in the latest insider filing?

The filing shows 252 shares of GDYN common stock were delivered or withheld at $7.65 per share to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units 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.

How many GDYN shares does Leonard Livschitz hold directly according to this Form 4?

A holding entry in the Form 4 reports 3,355,528 shares of GDYN common stock held directly by Leonard Livschitz following the reported activity, separate from the 11,008 shares held indirectly through his spouse.

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.

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Accepted by SEC EDGAR 08/17/2026 - 06:21 PM EDT Learn about SEC filing dates

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)
08/14/2026

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								3,355,528	D
Common Stock	08/14/2026		F		252(1)	D	$7.65	11,008	I	See footnote(2)

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. This transaction represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units.

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

Remarks:

	/s/Anil Doradla, by power of attorney	08/17/2026
	** 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)