Form 4: GDYN COO Yury Gryzlov Reports Share Acquisitions

GRID DYNAMICS HOLDINGS, INC. Chief Operating Officer Yury Gryzlov reported the acquisition of shares from performance awards and subsequent tax-related dispositions.

Summary

• Yury Gryzlov, Chief Operating Officer of GRID DYNAMICS HOLDINGS, INC. (GDYN), reported transactions involving the company's common stock.
• On February 7, 2026, Gryzlov acquired 65,824 shares of common stock as performance conditions were met for awards granted on January 1, 2024.
• Also on February 7, 2026, he acquired an additional 32,912 shares of common stock due to performance conditions being met for awards granted on February 14, 2025.
• On February 10, 2026, 17,310 shares were disposed of at a price of $6.94 per share to satisfy tax withholding obligations related to the January 1, 2024, performance share awards.
• Additionally, on February 10, 2026, 8,654 shares were disposed of at $6.94 per share for tax withholding purposes connected to the February 14, 2025, performance share awards.
• Following these reported transactions, Yury Gryzlov beneficially owns 547,308 shares of GRID DYNAMICS HOLDINGS, INC. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as the vesting of performance shares indicates the achievement of company goals, though the transaction itself is routine for executive compensation.

Positives

• Performance conditions for previously granted share awards were met, leading to the acquisition of a total of 98,736 shares by the Chief Operating Officer, indicating achievement of company goals.

Negatives

• A total of 25,964 shares were disposed of to cover tax withholding obligations, which is a standard practice but reduces the direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, provide insights into management's direct ownership changes but typically do not offer broader industry trends or competitive analysis.

Related Party Transactions

• The Chief Operating Officer, Yury Gryzlov, received shares as part of his performance-based compensation plan, which constitutes a standard related-party transaction between an executive and the company.

Stakeholder Impact

• Shareholders: The vesting of performance shares suggests the company met certain performance targets, which could be viewed positively. The increase in insider ownership (net of tax sales) aligns management interests with shareholders.
• Employees: Demonstrates the company's compensation structure for executives, potentially impacting morale or expectations for other employees with similar equity plans.

Key Dates

Recommendation

The filing details routine insider transactions related to performance share awards and tax withholding. While the vesting of performance shares is a positive indicator of goal achievement, these transactions are part of standard executive compensation and do not provide new fundamental information to warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

GRID DYNAMICS HOLDINGS, GDYN, Yury Gryzlov, Chief Operating Officer, COO, SEC Form 4, Insider Transaction, Stock Award, Performance Shares, Tax Withholding, Beneficial Ownership