Leonard Livschitz - Nov 30, 2021 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Role: Chief Executive Officer, Director
Signature: /s/ Anil Doradla, by power of attorney
Stock symbol: GDYN
Transactions as of: Nov 30, 2021
Transactions value $: -$14,093,111
Form type: 4
Date filed: 12/2/2021, 04:14 PM
Previous filing: Nov 18, 2021
Next filing: Dec 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GDYN	Common Stock	Options Exercise	$2.66M	+750K	+37.85%	$3.54	2.73M	Nov 30, 2021	Direct
transaction	GDYN	Common Stock	Tax liability	-$16.7M	-427K	-15.63%	$39.23	2.3M	Nov 30, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GDYN	Stock Option (right to buy)	Options Exercise	$0	-750K	-100%	$0.00^*	0	Nov 30, 2021	Common Stock	750K	$3.54	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld by the Issuer to pay the exercise price and taxes pursuant to the "net exercise" of 750,000 option shares.
F2	The shares subject to the option are fully vested and immediately exercisable.