Form 4: Grid Dynamics CEO's Routine Tax Withholding
Insider Transaction Report (Form 4)
Grid Dynamics Holdings CEO Leonard Livschitz reported a routine disposition of 35,901 shares for tax obligations.
Summary
- Leonard Livschitz, Chief Executive Officer and Director of GRID DYNAMICS HOLDINGS, INC. (GDYN), reported a transaction on October 1, 2025.
- The transaction involved the disposition of 35,901 shares of Common Stock at a price of $7.82 per share.
- These shares were withheld by the Issuer to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units.
- Following this transaction, Livschitz directly beneficially owns 2,861,378 shares of Common Stock.
- Additionally, 13,002 shares are indirectly beneficially owned through his spouse.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) by an insider, which is neutral in sentiment. It does not indicate any positive or negative discretionary actions or significant changes in company outlook.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically a non-discretionary tax withholding event. It does not provide information relevant to broader industry trends or competitive positioning.
Related Party Transactions
- 13,002 shares are indirectly beneficially owned by the reporting person's spouse.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary tax-related transaction by an executive, not a discretionary sale or purchase.
Key Dates
| Date | Description |
|---|---|
| 10/01/2025 | Date of transaction where shares were disposed for tax withholding. |
| 10/03/2025 | Date the Form 4 was signed by power of attorney. |
Keywords
Grid Dynamics, GDYN, Leonard Livschitz, Insider Transaction, Form 4, Stock Disposition, Tax Withholding, Restricted Stock Units
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