Form 4: GDYN COO Yury Gryzlov Reports RSU Grant and Tax Withholding

GRID DYNAMICS HOLDINGS, INC. Chief Operating Officer Yury Gryzlov reported the acquisition of 36,000 restricted stock units and the disposition of 1,753 shares for tax withholding purposes.

Summary

• Yury Gryzlov, Chief Operating Officer of GRID DYNAMICS HOLDINGS, INC. (GDYN), reported transactions that occurred on January 1, 2026.
• Acquired 36,000 restricted stock units (RSUs) at a price of $0.00 per share, representing a contingent right to receive one share of Common Stock per RSU.
• These newly acquired RSUs are scheduled to vest one-third on January 1, 2027, and one-twelfth on each three-month anniversary thereafter, contingent on Gryzlov's continued service.
• Disposed of 1,753 shares of Common Stock at a price of $9.03 per share. These shares were withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units originally granted to Gryzlov on January 1, 2024.
• Following these reported transactions, Gryzlov's direct beneficial ownership stands at 474,536 shares of Common Stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine Form 4 filing reporting standard equity compensation and tax-related dispositions, which are expected events in corporate governance and executive compensation.

Positives

• The grant of 36,000 restricted stock units to the Chief Operating Officer aligns management incentives with the long-term performance and shareholder value of GRID DYNAMICS HOLDINGS, INC.

Negatives

• The disposition of 1,753 shares for tax withholding purposes results in a reduction of direct beneficial ownership, although this is a standard and expected procedure upon the vesting of restricted stock units.

Future Outlook

The newly acquired 36,000 restricted stock units will vest in a staggered manner, with one-third vesting on January 1, 2027, and subsequent vesting of one-twelfth on each three-month anniversary thereafter, contingent upon the Chief Operating Officer's continued service.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing executive equity compensation and tax-related share dispositions. It does not provide broader industry-specific context or trends.

Related Party Transactions

• The acquisition of 36,000 restricted stock units by the Chief Operating Officer represents a standard equity compensation transaction between the company and its executive.

Stakeholder Impact

• Shareholders: The RSU grant aims to align the Chief Operating Officer's interests with long-term shareholder value. The tax withholding is a routine event with minimal direct impact.
• Employees: The executive equity compensation structure may influence broader employee compensation strategies and retention efforts within the company.

Next Steps

• Vesting of 36,000 restricted stock units will commence on January 1, 2027, with one-third vesting, followed by one-twelfth vesting on each three-month anniversary thereafter, subject to continued service.

Key Dates

Keywords

GRID DYNAMICS HOLDINGS, GDYN, Yury Gryzlov, Chief Operating Officer, COO, SEC Form 4, Restricted Stock Units, RSU, Stock Grant, Insider Transaction, Equity Compensation, Tax Withholding