Small Insider Sale Reported by Grid Dynamics Chief Executive

Q: How many GDYN shares did CEO Leonard Livschitz sell on June 24 2025?

The Form 4 shows a sale of 10,000 common shares .

Q: How many GDYN shares does the CEO still own after the reported sale?

Leonard Livschitz continues to own 2,973,180 shares directly and 13,134 shares indirectly through his spouse.

Q: Was the insider sale conducted under a 10b5-1 trading plan?

Yes. The Form 4 states the sale was made pursuant to a Rule 10b5-1 plan adopted on August 5 2024 .

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Grid Dynamics (NASDAQ:GDYN) filed a routine Form 4 reporting that CEO Leonard Livschitz sold 10,000 common shares on 06/24/2025 at a weighted-average price of $11.67 under a Rule 10b5-1 plan. The sale, worth roughly $117k, represents about 0.3% of his direct holdings. After the transaction, Livschitz still holds 2,973,180 shares directly and 13,134 shares indirectly through his spouse. No other ownership changes or derivative transactions were disclosed.

Insider Trade Summary

Net Seller: 10,000 shares ($116,700)

Net Sell 2 txns

Insider Livschitz Leonard

Role CHIEF EXECUTIVE OFFICER

Sold 10,000 shs ($117K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$11.67	$117K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,973,180 shares (Direct); Common Stock — 13,134 shares (Indirect, See footnote)

Footnotes (1)

These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024. This transaction was executed in multiple trades at prices ranging from $11.54 to $11.77. 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. The shares are held by the Reporting Person's spouse.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/26/2025 - 04:15 PM

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.

5000 EXECUTIVE PARKWAY, SUITE 520

(Street)

SAN RAMON

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)
06/24/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/24/2025		S		10,000⁽¹⁾	D	$11.67⁽²⁾	2,973,180	D
Common Stock								13,134	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024.

2. This transaction was executed in multiple trades at prices ranging from $11.54 to $11.77. 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	06/26/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many GDYN shares did CEO Leonard Livschitz sell on June 24 2025?

The Form 4 shows a sale of 10,000 common shares.

What was the total dollar value of the GDYN shares sold by the CEO?

At a weighted-average price of $11.67, the transaction was valued at approximately $117,000.

How many GDYN shares does the CEO still own after the reported sale?

Leonard Livschitz continues to own 2,973,180 shares directly and 13,134 shares indirectly through his spouse.

Was the insider sale conducted under a 10b5-1 trading plan?

Yes. The Form 4 states the sale was made pursuant to a Rule 10b5-1 plan adopted on August 5 2024.