SCHEDULE: Alyeska Investment Group Discloses 5.07% Stake in Grid Dynamics

Alyeska Investment Group, L.P. and its affiliates have reported a 5.07% beneficial ownership stake in Grid Dynamics Holdings' Class A Common Stock.

Summary

• Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh collectively beneficially own 4,290,786 shares of Grid Dynamics Holdings' Class A Common Stock.
• This ownership represents 5.07% of the outstanding Class A Common Stock of Grid Dynamics Holdings.
• The shares are held with shared voting power and shared dispositive power for all 4,290,786 shares.
• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• The percentage calculation is based on 84,547,653 outstanding Common Stock of Grid Dynamics Holdings, as reported in the issuer's Annual Report filed on November 10, 2025.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it is a mandatory disclosure of beneficial ownership. However, the establishment of a significant stake by a reputable investment group can be viewed as a mild positive signal of investor confidence in the company.

Positives

• A significant institutional investor, Alyeska Investment Group, has taken a substantial stake, potentially signaling confidence in Grid Dynamics Holdings' long-term prospects.
• The acquisition is stated to be in the ordinary course of business, suggesting a passive investment rather than an activist stance that could create uncertainty.

Negatives

• The filing itself does not contain any negative financial or operational information about Grid Dynamics Holdings.

Risks

• The filing does not detail specific risks related to Grid Dynamics Holdings' operations or financial health, as it is a disclosure of beneficial ownership.

Future Outlook

This filing does not provide any forward-looking statements or guidance from Grid Dynamics Holdings or the reporting persons regarding the issuer's future performance.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a notable institutional investment in Grid Dynamics Holdings, a company operating in the technology and digital transformation services sector. Such investments are common as institutional funds seek to gain exposure to growth-oriented technology companies. The filing itself does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor holding over 5% of the company's stock may be viewed positively, potentially increasing investor confidence and liquidity.
• Management: The certification that the stake is for ordinary course business and not for control influence suggests a stable ownership structure without immediate activist pressure.

Key Dates

Keywords

Grid Dynamics Holdings, Alyeska Investment Group, Beneficial Ownership, Class A Common Stock, Institutional Investment, SEC Filing, Investment Group, GDYN