Form 4: Grid Dynamics CEO Leonard Livschitz Sells 50,000 Shares Under 10b5-1 Plan

Grid Dynamics CEO Leonard Livschitz sold 50,000 shares of common stock on February 4, 2025, at a weighted average price of $22.99, according to a Form 4 filing with the SEC.

Summary

• On February 4, 2025, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 50,000 shares of common stock.
• The sale was executed at a weighted average price of $22.99 per share, with individual transaction prices ranging from $22.74 to $23.31.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 5, 2024.
• Following the sale, Livschitz directly owns 2,991,906 shares of Grid Dynamics.
• Additionally, 4,694 shares are held by Livschitz's spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

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 trading based on non-public information.

Key Dates