STOCK TITAN

[Form 4] GRID DYNAMICS HOLDINGS, INC. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Leonard Livschitz, who serves as Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), reported a transaction dated 10/01/2025 on Form 4. The filing shows a disposition of 35,901 common shares at a price of $7.82 with 2,861,378 shares remaining directly beneficially owned after the reported sale. The report also discloses 13,002 shares held indirectly by the reporting person’s spouse. The filing states the 35,901 shares were withheld by the issuer to satisfy tax withholding obligations in connection with net settlement of restricted stock units. The Form 4 was signed by Anil Doradla by power of attorney on 10/03/2025.

Leonard Livschitz, che ricopre il ruolo di Chief Executive Officer e di Director di Grid Dynamics Holdings, Inc. (GDYN), ha riportato una transazione datata 01/10/2025 sul modulo 4. La segnalazione mostra una cessione di 35.901 azioni ordinarie al prezzo di $7.82 con 2.861.378 azioni residue direttamente beneficiariamente detenute dopo la vendita riportata. Il rapporto segnala inoltre 13.002 azioni detenute indirettamente dal coniuge della persona indicante. La segnalazione dichiara che le 35.901 azioni sono state trattenute dall'emittente per soddisfare obblighi di ritenuta fiscale in relazione al regolamento netto di unità azionarie soggette a restrizioni. Il Form 4 è stato firmato da Anil Doradla con procura il 03/10/2025.

Leonard Livschitz, que se desempeña como Director Ejecutivo y un Director de Grid Dynamics Holdings, Inc. (GDYN), informó una transacción fechada el 01/10/2025 en el Formulario 4. La presentación muestra una disposición de 35.901 acciones comunes a un precio de $7.82 con 2.861.378 acciones que permanecen directamente poseídas por el reportante después de la venta reportada. El informe también divulga 13,002 acciones poseídas indirectamente por el cónyuge de la persona que reporta. El informe indica que las 35.901 acciones fueron retenidas por el emisor para satisfacer obligaciones de retención de impuestos en relación con la liquidación neta de unidades de acciones restringidas. El Formulario 4 fue firmado por Anil Doradla mediante poder notarial el 03/10/2025.

레오나르드 리브시츠Grid Dynamics Holdings, Inc. (GDYN)CEO이자 이사로 재직하는 대로, Form 42025-10-01로 기재된 거래를 보고했습니다. 보고서에는 제출된 해제 주식 35,901주$7.82의 가격으로 매각되었고, 보고된 매도 후 직접적으로 유익하게 보유한 주식은 2,861,378주 남아 있습니다. 또한 보고자 배우자가 간접적으로 보유한 13,002주도 보고됩니다. 보고서에 따르면 35,901주는 실권 행사에 따른 순결단 설정과 관련된 세금 withholding 의무를 충족하기 위해 발행사가 원천압류한 것이라고 명시되어 있습니다. Form 4는 Anil Doradla가 대리권으로 2025-10-03에 서명했습니다.

Leonard Livschitz, qui occupe le poste de CEO et de Director chez Grid Dynamics Holdings, Inc. (GDYN), a déclaré une transaction datée du 01/10/2025 sur le formulaire 4. Le dépôt indique une cession de 35 901 actions ordinaires à un prix de $7.82 avec 2 861 378 actions encore détenues directement pour le bénéficiaire après la vente signalée. Le rapport divulgue également 13 002 actions détenues indirectement par le conjoint de la personne déclarante. Le dépôt indique que les 35 901 actions ont été retenues par l’émetteur pour satisfaire les obligations de retenue d’impôt dans le cadre du règlement net des unités d’actions restreintes. Le Form 4 a été signé par Anil Doradla mandaté par procuration le 03/10/2025.

Leonard Livschitz, der als Chief Executive Officer und Director von Grid Dynamics Holdings, Inc. (GDYN) tätig ist, hat eine Transaktion mit dem Datum 01.10.2025 auf Formular 4 gemeldet. Die Einreichung zeigt eine Veräußerung von 35.901 Stammaktien zu einem Preis von $7.82, wobei nach dem gemeldeten Verkauf noch 2.861.378 Aktien direkt vorteilhaft gehalten werden. Der Bericht gibt auch 13.002 Aktien an, die indirekt vom Ehepartner der meldenden Person gehalten werden. Die Einreichung erklärt, dass die 35.901 Aktien vom Emittenten zurückgehalten wurden, um Steuerabzugsverpflichtungen im Zusammenhang mit der Nettie Abrechnung von Restricted Stock Units zu erfüllen. Das Formular 4 wurde von Anil Doradla mittels Vollmacht am 03.10.2025 unterschrieben.

ليونارد ليفتشيز، الذي يشغل منصب الرئيس التنفيذي ومدير في Grid Dynamics Holdings, Inc. (GDYN)، أبلغ عن صفقة بتاريخ 2025-10-01 في النموذج 4. تُظهر الوثيقة التصرف في 35,901 سهماً عادياً بسعر $7.82 مع وجود 2,861,378 سهماً لا يزال يملكها المستفيد مباشرة بعد البيع المذكور. كما تكشف الوثيقة عن 13,002 سهماً مملوكة بشكل غير مباشر من قبل زوج المبلغ عنه. تنص الوثيقة أن الـ 35,901 سهماً تم حجزها من قبل المصدر لتلبية التزامات الاحتجاز الضريبي في علاقة بتسوية صافية لوحدات الأسهم المقيدة. تم توقيع النموذج 4 من قبل Anil Doradla بتوكيل في 2025-10-03.

Leonard Livschitz,现任Grid Dynamics Holdings, Inc. (GDYN)首席执行官董事,在

上报告了一笔日期为2025-10-01的交易。该披露显示处置35,901股普通股,价格为$7.82,在所报告的交易后,直接受益持有的股份为2,861,378股。报告还披露该申报人配偶间接持有13,002股。披露还指出这35,901股是由发行人扣留以满足与限制性股票单位净结算相关的扣税义务。该Form 4由Anil Doradla经授权于2025-10-03签署。

Positive
  • Continued substantial direct ownership: 2,861,378 shares remain beneficially owned by the CEO
  • Transaction relates to RSU tax withholding: the 35,901-share disposition was withheld to satisfy tax obligations rather than an open-market sale
Negative
  • Reduction in direct share count: 35,901 shares were disposed of on 10/01/2025
  • Reported price on transaction: disposition recorded at $7.82 per share

Insights

TL;DR: CEO reported a RSU net-settlement resulting in a 35,901-share disposition; retains 2.86M shares.

The Form 4 documents a transaction tied to net settlement of restricted stock units, where 35,901 shares were withheld to cover tax obligations rather than sold on the open market. That distinction matters because it reflects an administrative tax settlement rather than an active cash-diversification trade.

The reporting person continues to hold a substantial direct stake of 2,861,378 shares and an indirect holding of 13,002 shares via spouse ownership, which signals continued material equity alignment between management and shareholders. The POA signature is dated 10/03/2025.

Leonard Livschitz, che ricopre il ruolo di Chief Executive Officer e di Director di Grid Dynamics Holdings, Inc. (GDYN), ha riportato una transazione datata 01/10/2025 sul modulo 4. La segnalazione mostra una cessione di 35.901 azioni ordinarie al prezzo di $7.82 con 2.861.378 azioni residue direttamente beneficiariamente detenute dopo la vendita riportata. Il rapporto segnala inoltre 13.002 azioni detenute indirettamente dal coniuge della persona indicante. La segnalazione dichiara che le 35.901 azioni sono state trattenute dall'emittente per soddisfare obblighi di ritenuta fiscale in relazione al regolamento netto di unità azionarie soggette a restrizioni. Il Form 4 è stato firmato da Anil Doradla con procura il 03/10/2025.

Leonard Livschitz, que se desempeña como Director Ejecutivo y un Director de Grid Dynamics Holdings, Inc. (GDYN), informó una transacción fechada el 01/10/2025 en el Formulario 4. La presentación muestra una disposición de 35.901 acciones comunes a un precio de $7.82 con 2.861.378 acciones que permanecen directamente poseídas por el reportante después de la venta reportada. El informe también divulga 13,002 acciones poseídas indirectamente por el cónyuge de la persona que reporta. El informe indica que las 35.901 acciones fueron retenidas por el emisor para satisfacer obligaciones de retención de impuestos en relación con la liquidación neta de unidades de acciones restringidas. El Formulario 4 fue firmado por Anil Doradla mediante poder notarial el 03/10/2025.

레오나르드 리브시츠Grid Dynamics Holdings, Inc. (GDYN)CEO이자 이사로 재직하는 대로, Form 42025-10-01로 기재된 거래를 보고했습니다. 보고서에는 제출된 해제 주식 35,901주$7.82의 가격으로 매각되었고, 보고된 매도 후 직접적으로 유익하게 보유한 주식은 2,861,378주 남아 있습니다. 또한 보고자 배우자가 간접적으로 보유한 13,002주도 보고됩니다. 보고서에 따르면 35,901주는 실권 행사에 따른 순결단 설정과 관련된 세금 withholding 의무를 충족하기 위해 발행사가 원천압류한 것이라고 명시되어 있습니다. Form 4는 Anil Doradla가 대리권으로 2025-10-03에 서명했습니다.

Leonard Livschitz, qui occupe le poste de CEO et de Director chez Grid Dynamics Holdings, Inc. (GDYN), a déclaré une transaction datée du 01/10/2025 sur le formulaire 4. Le dépôt indique une cession de 35 901 actions ordinaires à un prix de $7.82 avec 2 861 378 actions encore détenues directement pour le bénéficiaire après la vente signalée. Le rapport divulgue également 13 002 actions détenues indirectement par le conjoint de la personne déclarante. Le dépôt indique que les 35 901 actions ont été retenues par l’émetteur pour satisfaire les obligations de retenue d’impôt dans le cadre du règlement net des unités d’actions restreintes. Le Form 4 a été signé par Anil Doradla mandaté par procuration le 03/10/2025.

Leonard Livschitz, der als Chief Executive Officer und Director von Grid Dynamics Holdings, Inc. (GDYN) tätig ist, hat eine Transaktion mit dem Datum 01.10.2025 auf Formular 4 gemeldet. Die Einreichung zeigt eine Veräußerung von 35.901 Stammaktien zu einem Preis von $7.82, wobei nach dem gemeldeten Verkauf noch 2.861.378 Aktien direkt vorteilhaft gehalten werden. Der Bericht gibt auch 13.002 Aktien an, die indirekt vom Ehepartner der meldenden Person gehalten werden. Die Einreichung erklärt, dass die 35.901 Aktien vom Emittenten zurückgehalten wurden, um Steuerabzugsverpflichtungen im Zusammenhang mit der Nettie Abrechnung von Restricted Stock Units zu erfüllen. Das Formular 4 wurde von Anil Doradla mittels Vollmacht am 03.10.2025 unterschrieben.

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).
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 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)
10/01/2025
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)
Code V Amount (A) or (D) Price
Common Stock 10/01/2025 F 35,901(1) D $7.82 2,861,378 D
Common Stock 13,002 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. 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.
2. The shares are held by the Reporting Person's spouse.
/s/Anil Doradla, by power of attorney 10/03/2025
** 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.

FAQ

What did GDYN CEO Leonard Livschitz report on Form 4?

The filing reports a disposition of 35,901 common shares on 10/01/2025 at $7.82 with 2,861,378 shares remaining directly beneficially owned.

Why were 35,901 shares disposed of according to the Form 4?

The Form 4 states those shares were withheld by the issuer to satisfy tax withholding related to net settlement of restricted stock units.

Does the Form 4 show any indirect holdings for the reporting person?

Yes. The filing discloses 13,002 shares held indirectly by the reporting person’s spouse.

Who signed the Form 4 and when was it signed?

The filing is signed by Anil Doradla by power of attorney on 10/03/2025.

Was the disposition an open-market sale?

No. The Form 4 explicitly indicates the shares were withheld for tax withholding in connection with RSU net settlement, not necessarily sold on the open market.

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