Form 4: Grid Dynamics CEO Livschitz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Leonard Livschitz sold 44,790 shares of Grid Dynamics Holdings, Inc. to cover tax obligations related to the settlement of restricted stock units.
Summary
- On May 3, 2024, Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc., disposed of 44,790 shares of common stock.
- The transaction was executed to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units.
- The shares were sold at a price of $10.07 per share.
- Following the transaction, Livschitz directly owns 3,615,901 shares of common stock.
- Livschitz also indirectly owns 5,235 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction.
Industry Context
Form 4 filings are a routine part of insider trading activity and are used to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of transaction: CEO Leonard Livschitz disposed of shares to cover tax obligations. |
| 05/07/2024 | Date of signature on the Form 4 filing. |
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