Form 4: Grid Dynamics CEO Leonard Livschitz Reports Routine Stock Disposition for Tax Obligations

Grid Dynamics Holdings, Inc. CEO Leonard Livschitz reported a disposition of 35,901 common shares at $11.87 per share to cover tax obligations related to restricted stock units.

Summary

• Leonard Livschitz, the Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), reported a transaction on July 1, 2025.
• The transaction involved the disposition of 35,901 shares of common stock.
• These shares were disposed of at a price of $11.87 per share.
• The purpose of this disposition was to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.
• Following this transaction, Livschitz directly beneficially owns 2,927,279 shares of common stock.
• An additional 13,134 shares are indirectly beneficially owned through his spouse.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition for tax purposes, which is neutral in sentiment. It does not indicate a change in management's view of the company's prospects or operational performance.

Positives

• The transaction is a routine disposition for tax purposes, indicating a normal course of business for executive compensation and not a discretionary sale.
• The CEO retains a substantial direct beneficial ownership of 2,927,279 shares, which aligns his interests with those of the shareholders.

Negatives

• No inherently negative aspects are present as the transaction is a standard tax-related disposition, not a discretionary sale of shares.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The indirect beneficial ownership of 13,134 shares by the reporting person's spouse is noted.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and does not indicate a change in the CEO's long-term commitment or a significant shift in company strategy. The CEO retains a substantial stake, aligning interests.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

Grid Dynamics Holdings Inc., GDYN, Leonard Livschitz, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, CEO, Director