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

Grid Dynamics CEO Leonard Livschitz sold shares of common stock on March 26 and 27, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold shares of the company's common stock on March 26 and March 27, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 1, 2023.
• On March 26, 2024, 11,884 shares were sold at a weighted average price of $12.0347, with individual prices ranging from $11.76 to $12.46.
• On March 27, 2024, 3,116 shares were sold at $12 per share.
• Following these transactions, Livschitz directly owns 3,685,691 shares of Grid Dynamics common stock.
• Additionally, 5,235 shares are held by Livschitz's spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting the sale of shares by the CEO. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure. The sales are being conducted under a pre-arranged 10b5-1 trading plan.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often monitor these sales to understand management's perspective on the company's valuation and future prospects. Rule 10b5-1 plans are designed to allow insiders to sell shares without being accused of trading on non-public information.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
• However, since the sales are being conducted under a pre-arranged trading plan, the impact is likely to be minimal.

Key Dates