Form 4: Grid Dynamics CEO Leonard Livschitz Sells 15,000 Shares Under 10b5-1 Trading Plan

Grid Dynamics CEO Leonard Livschitz sold 15,000 shares of common stock on October 8, 2024, at a weighted average price of $14.56, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 8, 2024, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 15,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $14.56 per share.
• The transactions occurred at prices ranging from $14.15 to $14.85.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 1, 2023.
• Following the transaction, Livschitz directly owns 3,460,901 shares of Grid Dynamics common stock.
• Livschitz's spouse indirectly owns 4,853 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by the CEO under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by executives are a normal part of corporate governance. It is important to note that the sale was executed under a pre-arranged 10b5-1 trading plan, which is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates