Form 4: Grid Dynamics CEO Leonard Livschitz Sells 15,000 Shares
SEC Form 4 Filing
Grid Dynamics CEO Leonard Livschitz sold 15,000 shares of common stock on April 9, 2024, at a weighted average price of $11.8741 per share, according to a Form 4 filing with the SEC.
Summary
- On April 9, 2024, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 15,000 shares of common stock.
- The sale was executed at a weighted average price of $11.8741 per share, with individual trades ranging from $11.69 to $12.07.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 1, 2023.
- Following the transaction, Livschitz directly owns 3,670,691 shares and indirectly owns 5,235 shares through his spouse.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Sales by company executives are a normal part of corporate activity. It is important to consider the context of the sale, such as the use of a 10b5-1 trading plan, which suggests the sale was pre-planned and not based on current insider information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-09-01 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-04-09 | Date of stock sale transaction |
| 2024-04-11 | Date of Form 4 filing |
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