Form 4: Grid Dynamics CEO Leonard Livschitz Sells 20,000 Shares Under 10b5-1 Plan

Grid Dynamics CEO Leonard Livschitz sold 20,000 shares of common stock at an average price of $13.92 per share on April 29, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On April 29, 2025, 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 $13.92 per share, with individual trades ranging from $13.79 to $14.11.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 5, 2024.
• Following the transaction, Livschitz directly owns 3,063,180 shares of Grid Dynamics common stock.
• Additionally, 13,289 shares are held by Livschitz's spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting an insider stock sale. The sale itself doesn't necessarily indicate positive or negative sentiment, especially since it was conducted under a pre-arranged trading plan.

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 sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Grid Dynamics, Leonard Livschitz, stock sale, Form 4, Rule 10b5-1, insider trading, GDYN