Leonard Livschitz - Dec 10, 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
Dec 10, 2021
Transactions value $
-$18,660,586
Form type
4
Date filed
12/14/2021, 03:45 PM
Previous filing
Dec 2, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $0 +833K +36.15% $0.00 3.14M Dec 10, 2021 Direct F1
transaction GDYN Common Stock Tax liability -$17M -439K -13.98% $38.82 2.7M Dec 10, 2021 Direct F2
transaction GDYN Common Stock Tax liability -$1.63M -43.9K -1.63% $37.22 2.66M Dec 13, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to a portion of the performance share awards granted to the Reporting Person on March 2, 2021.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the issuance of shares pursuant to performance share awards granted to the Reporting Person on March 2, 2021.
F3 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.