Form 4: Grid Dynamics CEO Sells 10,000 Shares Under Pre-Arranged Trading Plan

Grid Dynamics Holdings, Inc. CEO Leonard Livschitz sold 10,000 shares of common stock at a weighted average price of $11.67 per share, executed under a Rule 10b5-1 trading plan.

Summary

• Leonard Livschitz, the Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), reported the sale of 10,000 shares of common stock.
• The transaction occurred on June 24, 2025, at a weighted average sale price of $11.67 per share, with individual trades ranging from $11.54 to $11.77.
• The sale was conducted pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Livschitz on August 5, 2024.
• Following this transaction, Mr. Livschitz directly beneficially owns 2,973,180 shares of common stock.
• Additionally, 13,134 shares are indirectly beneficially owned through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale can be perceived negatively, the execution under a pre-arranged 10b5-1 plan and the relatively small number of shares sold compared to total holdings mitigate significant negative sentiment.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which indicates a planned transaction rather than an opportunistic sale, potentially mitigating negative market perception.

Negatives

• A sale of shares by a Chief Executive Officer, even under a 10b5-1 plan, can sometimes be perceived by investors as a lack of confidence in the company's near-term prospects, although the amount sold is a small fraction of his total holdings.

Future Outlook

This Form 4 filing is a disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.

Industry Context

This filing pertains to an individual insider transaction and does not provide broader industry context or trends. It is a routine disclosure required for executives of publicly traded companies.

Related Party Transactions

• 13,134 shares are indirectly beneficially owned by the Reporting Person through his spouse.

Stakeholder Impact

• Shareholders may view the CEO's sale of shares with slight caution, though the pre-planned nature of the transaction under a 10b5-1 plan reduces the likelihood of it being interpreted as a lack of confidence in the company's future.

Key Dates

Keywords

Grid Dynamics Holdings, GDYN, Leonard Livschitz, CEO, Insider Sale, Form 4, Rule 10b5-1 Plan, Common Stock, Executive Compensation