Grid Dynamics (NASDAQ: GDYN) CEO sells shares via 10b5-1 trading plan

Rhea-AI Filing Summary

Grid Dynamics Holdings chief executive Leonard Livschitz reported an automatic sale of company stock. As director and chief executive officer, he filed a Form 4 showing the sale of 10,000 shares of common stock on January 6, 2026 in an open-market transaction coded as a sale.

The shares were sold at a weighted average price of $9.70 per share under a Rule 10b5-1 trading plan adopted on August 4, 2025. After this transaction, he beneficially owned 3,134,343 common shares directly and an additional 12,860 common shares indirectly through his spouse.

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).

X

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 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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	01/06/2026		S		10,000(1)	D	$9.7(2)	3,134,343	D
Common Stock								12,860	I	See footnote(3)

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. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 4, 2025.

2. This transaction was executed in multiple trades at prices ranging from $9.55 to $9.79. 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.

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

	/s/Anil Doradla, by power of attorney	01/08/2026
	** 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.

FAQ

What insider transaction did GDYN report for Leonard Livschitz?

The filing reports that Leonard Livschitz, chief executive officer and director of Grid Dynamics Holdings, Inc. (GDYN), sold 10,000 shares of common stock on January 6, 2026 in an open-market sale.

At what price were the GDYN shares sold in this Form 4 filing?

The sale of 10,000 Grid Dynamics common shares was reported at a weighted average price of $9.70 per share, with individual trades executed between $9.55 and $9.79 according to the disclosure.

Was the GDYN CEO sale made under a Rule 10b5-1 trading plan?

Yes. The filing states that the 10,000-share sale was made pursuant to a Rule 10b5-1 trading plan that Leonard Livschitz adopted on August 4, 2025, which pre-arranged the trading of these shares.

How many GDYN shares does Leonard Livschitz hold after this transaction?

After the reported sale, Leonard Livschitz beneficially owned 3,134,343 shares of Grid Dynamics common stock directly and an additional 12,860 shares indirectly, which the filing notes are held by his spouse.

What does the Form 4 say about indirect ownership of GDYN shares?

The Form 4 shows an indirect holding of 12,860 common shares, with a footnote explaining that these shares are held by the reporting person's spouse, and are therefore reported as indirect beneficial ownership.

Who signed the GDYN Form 4 reporting this CEO stock sale?

The Form 4 was signed as /s/ Anil Doradla, by power of attorney on January 8, 2026, indicating it was filed on behalf of Leonard Livschitz under a power of attorney arrangement.