Form 4: Grid Dynamics CEO Livschitz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Grid Dynamics CEO Leonard Livschitz disposed of shares to cover tax obligations related to the net settlement of restricted stock units.
Summary
- On March 13, 2024, Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc., disposed of 44,783 shares of common stock to satisfy tax withholding obligations.
- The transaction was executed at a price of $12.54 per share.
- Following the transaction, Livschitz directly owns 3,700,691 shares of Grid Dynamics common stock.
- Additionally, Livschitz indirectly owns 5,235 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports the facts of the transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small percentage of the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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