Form 4: CEO Livschitz Reports GDYN Stock Transactions

Grid Dynamics CEO Leonard Livschitz reported the acquisition of 360,000 restricted stock units and the disposition of 37,035 shares for tax purposes.

Summary

• Leonard Livschitz, CEO and Director of Grid Dynamics Holdings, Inc. (GDYN), reported transactions involving the company's common stock.
• Acquired 360,000 restricted stock units (RSUs) on January 1, 2026, with a transaction price of $0.
• Disposed of 37,035 shares of common stock on January 1, 2026, at a price of $9.03 per share.
• The disposition represents shares withheld by the Issuer to satisfy tax withholding obligations related to the net settlement of RSUs granted on January 1, 2024.
• Following these transactions, Livschitz directly beneficially owns 3,144,343 shares of common stock.
• An additional 12,860 shares are indirectly beneficially owned by Livschitz's spouse.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The grant of 360,000 RSUs to the CEO is a positive sign of continued alignment and long-term commitment. The disposition of shares for tax purposes is a neutral, routine event associated with RSU vesting and does not indicate a negative sentiment from management.

Positives

• The acquisition of 360,000 restricted stock units (RSUs) aligns the CEO's long-term interests with those of shareholders, as these units vest over time and represent a contingent right to receive common stock.

Negatives

• The disposition of 37,035 shares was for tax withholding purposes, which is a standard procedure for RSU vesting and not indicative of a negative outlook or sale by management.

Future Outlook

The newly acquired 360,000 restricted stock units are scheduled to vest in installments, with one-third vesting on January 1, 2027, and one-twelfth vesting on each three-month anniversary thereafter, contingent on the CEO's continued service.

Industry Context

This filing is a standard insider transaction report (Form 4) and does not provide specific insights into broader industry trends or competitive positioning. It reflects routine equity compensation and tax management for a senior executive.

Related Party Transactions

• 12,860 shares of common stock are indirectly beneficially owned by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: The grant of RSUs to the CEO reinforces management's long-term commitment and alignment with shareholder interests.
• Employees: The RSU grant is part of executive compensation, which can influence overall compensation strategies within the company.

Next Steps

• One-third of the 360,000 restricted stock units will vest on January 1, 2027.
• One-twelfth of the restricted stock units will vest on each three-month anniversary thereafter, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions, specifically an RSU grant and a tax-related share disposition. These events are standard for executive compensation and do not provide new fundamental information that would warrant a change in investment recommendation. The RSU grant indicates continued management alignment, which is a positive, but not a catalyst for a 'buy' recommendation on its own. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

GRID DYNAMICS, GDYN, Form 4, Insider Transaction, Restricted Stock Units, CEO, Leonard Livschitz, Equity Compensation