Form 4: Eric Benhamou of Grid Dynamics Holdings, Inc. Reports Changes in Beneficial Ownership
SEC Form 4
Director Eric Benhamou reports the distribution of 63,533 shares of Grid Dynamics Holdings, Inc. common stock to BGV Opportunity Fund LP.
Summary
- On August 8 and 9, 2024, Eric Benhamou, a director of Grid Dynamics Holdings, Inc., distributed a total of 63,533 shares of common stock to BGV Opportunity Fund LP.
- The distribution was made in-kind and without consideration, adhering to exemptions under Rule 16a-9(a) and Rule 16a-13 of the Securities Exchange Act of 1934.
- Following these transactions, Benhamou directly owns 78,205 shares of common stock.
- Additionally, Benhamou indirectly owns 200,000 shares through the Eric Benhamou Grantor Retained Annuity Trust and 23,500 shares through The Eric Benhamou Living Trust, for which he serves as trustee.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard insider trading reporting requirements; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The distribution of shares may have a minor impact on the ownership structure of Grid Dynamics Holdings, Inc.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Reporting Person distributed 9,303 shares of Common Stock pro-rata to BGV Opportunity Fund LP. |
| 08/09/2024 | Reporting Person distributed 54,230 shares of Common Stock pro-rata to BGV Opportunity Fund LP. |
| 08/12/2024 | Date of signature for the Form 4 filing. |
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