Form 4: Grid Dynamics CEO Leonard Livschitz Sells 20,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Grid Dynamics CEO Leonard Livschitz sold 20,000 shares of common stock at an average price of $15.58 per share on October 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On October 22, 2024, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 20,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $15.58 per share, with individual trades ranging from $15.44 to $15.73.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on September 1, 2023.
- Following the transaction, Livschitz directly owns 3,435,901 shares of Grid Dynamics common stock.
- Additionally, 4,853 shares are held indirectly through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-arranged trading plan. It doesn't inherently convey 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. Investors often monitor insider transactions for signals about a company's prospects, but pre-planned sales are generally viewed as less informative.
Key Dates
| Date | Description |
|---|---|
| 2023-09-01 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| 2024-10-22 | Date of the stock sale transaction |
| 2024-10-24 | Date of the signature on the Form 4 filing |
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