Form 4: Grid Dynamics CEO Sells 10,000 Shares Under 10b5-1 Trading Plan

Grid Dynamics CEO, Leonard Livschitz, sold 10,000 shares of common stock at a weighted average price of $21.00 per share, as part of a pre-arranged trading plan.

Summary

• Grid Dynamics CEO, Leonard Livschitz, executed a sale of 10,000 common stock shares on December 26, 2024.
• The shares were sold at a weighted average price of $21.00 per share.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 5, 2024.
• Following the transaction, Mr. Livschitz directly owns 3,285,901 shares of common stock.
• Additionally, 4,694 shares are indirectly held by his spouse.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine filing related to insider trading activity and is common for executives who have pre-arranged trading plans. It does not indicate any specific change in the company's performance or outlook.

Comparison to Industry Standards

• Sales of shares by executives under 10b5-1 plans are a common practice across publicly traded companies.
• The volume of shares sold is relatively small compared to the total shares held by the CEO, suggesting this is likely part of a personal financial strategy rather than a significant change in sentiment towards the company.
• Comparable companies often see similar filings from their executives.

Stakeholder Impact

• The sale of shares by the CEO may have a minor impact on the stock price, but it is unlikely to be significant given the pre-arranged nature of the transaction.

Key Dates

Keywords

Grid Dynamics, CEO, Leonard Livschitz, stock sale, Rule 10b5-1, insider trading, GDYN