Form 4: Grid Dynamics CEO Leonard Livschitz Sells 30,000 Shares Under 10b5-1 Plan

Grid Dynamics CEO Leonard Livschitz sold 30,000 shares of common stock at an average price of $16.7771 on March 18, 2025, under a pre-arranged trading plan.

Summary

• On March 18, 2025, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 30,000 shares of common stock.
• The sale was executed at a weighted average price of $16.7771 per share, with individual trades ranging from $16.59 to $17.26.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on August 5, 2024.
• Following the transaction, Livschitz directly owns 3,169,081 shares of Grid Dynamics.
• His spouse indirectly owns 13,289 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document reports a routine stock sale under a pre-arranged trading plan. There is no indication of positive or negative implications for the company's performance.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often look to the reasons behind the sale, such as diversification or planned expenses. The existence of a 10b5-1 plan suggests the sale was pre-planned and not based on current market conditions or inside information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.
• The sale does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Grid Dynamics, GDYN, Leonard Livschitz, Stock Sale, Form 4, Rule 10b5-1, Insider Trading, CEO