Form 4: Grid Dynamics CEO Leonard Livschitz Sells 15,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Grid Dynamics CEO Leonard Livschitz sold 15,000 shares of common stock at an average price of $14.23 on September 10, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 10, 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 an average price of $14.23 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted by Livschitz on September 1, 2023.
- Following the transaction, Livschitz directly owns 3,490,901 shares of Grid Dynamics common stock.
- Livschitz's spouse indirectly owns 4,853 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 09/01/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 09/10/2024 | Date of stock sale transaction |
| 09/11/2024 | Date of Form 4 filing |
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