Form 4: Grid Dynamics CEO Livschitz Reports Tax-Related Stock Disposal
SEC Form 4 Filing
CEO Leonard Livschitz of Grid Dynamics Holdings reports disposition of shares to cover tax obligations related to settled restricted stock units.
Summary
- On January 1, 2025, Leonard Livschitz, CEO of Grid Dynamics Holdings, reported a transaction involving common stock.
- The transaction involved the disposal of 143,995 shares to satisfy tax withholding obligations related to the net settlement of restricted stock units.
- The shares were disposed of at a price of $22.24 per share.
- Following the transaction, Livschitz directly owns 3,141,906 shares of common stock.
- Livschitz also indirectly owns 4,694 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the CEO's personal tax obligations and does not reflect a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Date of restricted stock units grant to the Reporting Person |
| 01/01/2025 | Date of stock disposal for tax obligations |
| 01/06/2025 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.