Form 4: Grid Dynamics CEO Leonard Livschitz Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Grid Dynamics CEO Leonard Livschitz sold a portion of his holdings in two transactions executed under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 10,000 shares of common stock on July 16, 2024, at a weighted average price of $11.6292.
- An additional 5,000 shares were sold on July 17, 2024, at a price of $12 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on September 1, 2023.
- Following these sales, Livschitz directly owns 3,550,901 shares of Grid Dynamics common stock.
- He also indirectly owns 5,044 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by executives are a normal part of corporate governance. The use of a 10b5-1 plan indicates that these sales were pre-planned and not based on insider information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders, potentially creating downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 09/01/2023 | Date of adoption of Rule 10b5-1 trading plan |
| 07/16/2024 | Date of first stock sale |
| 07/17/2024 | Date of second stock sale |
| 07/18/2024 | Date of Form 4 filing |
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