Form 4: Grid Dynamics CEO Leonard Livschitz Sells 40,000 Shares Under 10b5-1 Plan

Grid Dynamics CEO Leonard Livschitz sold 40,000 shares of common stock on March 4, 2025, at a weighted average price of $18.66, pursuant to a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 4, 2025, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 40,000 shares of the company's common stock.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 5, 2024.
• The shares were sold at prices ranging from $18.18 to $19.22, with a weighted average sale price of $18.66.
• Following the transaction, Livschitz directly owns 3,199,081 shares and indirectly owns 13,289 shares through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.

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 sale of shares by the CEO could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates