Form 4: GDYN CEO Sells Shares Under 10b5-1 Plan

Grid Dynamics Holdings, Inc. CEO Leonard Livschitz sold 10,000 shares of common stock for $9.33 per share under a pre-arranged trading plan.

Summary

• Leonard Livschitz, Chief Executive Officer and Director of Grid Dynamics Holdings, Inc. (GDYN), reported a sale of common stock.
• The transaction involved the disposition of 10,000 shares of common stock.
• The shares were sold at a weighted average price of $9.33 per share, with individual trades ranging from $9.26 to $9.41.
• The sale was executed on December 23, 2025.
• This transaction was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Livschitz on August 4, 2025.
• Following the transaction, Mr. Livschitz directly beneficially owns 2,821,378 shares of common stock.
• Additionally, 12,860 shares are indirectly beneficially owned by Mr. Livschitz's spouse.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider stock sale under a 10b5-1 plan, which is generally considered neutral as it's often for personal financial planning rather than a reflection of company performance or outlook.

Related Party Transactions

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

Stakeholder Impact

• Shareholders: A minor, pre-planned sale by the CEO is unlikely to have a significant impact on shareholder sentiment or the company's operational outlook.

Key Dates

Keywords

GDYN, Grid Dynamics, Leonard Livschitz, CEO, Director, Stock Sale, Insider Transaction, Form 4, 10b5-1 Plan