Leonard Livschitz - Feb 20, 2024 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
Feb 20, 2024
Transactions value $
$3,537,404
Form type
4
Date filed
2/22/2024, 05:21 PM
Previous filing
Feb 15, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GDYN Common Stock Award $7.67M +567K +16.12% $13.54 4.08M Feb 20, 2024 Direct F1
transaction GDYN Common Stock Tax liability -$4.12M -305K -7.46% $13.54 3.78M Feb 20, 2024 Direct F2
transaction GDYN Common Stock Tax liability -$10.3K -765 -12.75% $13.49 5.24K Feb 21, 2024 See footnote F3, F4
* 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 February 21, 2023.
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 February 21, 2023.
F3 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of unreported restricted stock units granted to the Reporting Person's spouse.
F4 The shares are held by the Reporting Person's spouse.