4/A: Grid Dynamics CEO Leonard Livschitz Sells 20,000 Shares Under 10b5-1 Plan
SEC Form 4/A (Amendment)
Grid Dynamics CEO Leonard Livschitz sold 20,000 shares of common stock at an average price of $15.66, pursuant to a pre-arranged Rule 10b5-1 trading plan.
Summary
- Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc., sold 20,000 shares of common stock on November 5, 2024.
- The sale was executed under a Rule 10b5-1 trading plan adopted on September 1, 2023.
- The average selling price was $15.66 per share, with individual trades ranging from $15.54 to $16.03.
- Following the transaction, Livschitz directly owns 3,415,901 shares and indirectly owns 4,853 shares held by his spouse.
- This Form 4/A is an amendment to the initial Form 4 filed on November 6, 2024, correcting a misreported amount of shares sold (originally reported as 10,000).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan, so it doesn't convey strong positive or negative sentiment.
Industry Context
Insider sales 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.
Related Party Transactions
- The shares are held by the Reporting Person's spouse.
Stakeholder Impact
- The sale could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| September 1, 2023 | Date the Rule 10b5-1 trading plan was adopted. |
| November 5, 2024 | Date of the stock sale transaction. |
| November 6, 2024 | Date of the original Form 4 filing (amended). |
| November 7, 2024 | Date of the amended Form 4/A filing. |
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