Stan Klimoff - Feb 21, 2023 Form 4 Insider Report for GRID DYNAMICS HOLDINGS, INC. (GDYN)

Role
Chief Strategy Officer
Signature
/s/ Anil Doradla, by power of attorney
Stock symbol
GDYN
Transactions as of
Feb 21, 2023
Transactions value $
-$522,491
Form type
4
Date filed
2/23/2023, 08:54 PM
Previous filing
Feb 7, 2023
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $0 +82.9K +33.01% $0.00 334K Feb 21, 2023 Direct F1
transaction GDYN Common Stock Tax liability -$522K -43.7K -13.07% $11.97 290K Feb 21, 2023 Direct F2
holding GDYN Common Stock 48.1K Feb 21, 2023 See footnote 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 the performance share awards granted to the Reporting Person on January 3, 2022.
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 January 3, 2022.
F3 The shares are held of record by the O. Fox Charitable Trust for which the reporting person serves as trustee.