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

Grid Dynamics CEO Leonard Livschitz sold 10,000 shares of common stock on May 21, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On May 21, 2024, Leonard Livschitz, the CEO of Grid Dynamics Holdings, Inc., sold 10,000 shares of common stock at a weighted average price of $10.1231 per share.
• The sale was executed under a Rule 10b5-1 trading plan adopted on September 1, 2023.
• Additionally, 191 shares were withheld by the issuer to cover tax obligations related to the settlement of restricted stock units.
• Following the transaction, Livschitz directly owns 3,595,901 shares and indirectly owns 5,044 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting an insider sale. The use of a 10b5-1 plan suggests the sale was pre-planned. The sentiment is neutral as it's a routine disclosure.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on current, non-public information. Investors often monitor insider transactions for signals about a company's prospects, but sales under 10b5-1 plans are generally viewed as less informative.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates concerns about insider information.

Key Dates