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 for approximately $106,000 through a pre-established Rule 10b5-1 trading plan.

Summary

• Leonard Livschitz, the Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), as well as a 10% owner, reported a sale of common stock.
• The transaction involved the disposition of 10,000 shares of common stock.
• The shares were sold at a weighted average price of $10.6 per share, with individual trades ranging from $10.55 to $10.75.
• The total value of the shares sold was approximately $106,000.
• This sale was executed on July 22, 2025, pursuant to a Rule 10b5-1 trading plan adopted by Mr. Livschitz on August 5, 2024.
• Following the transaction, Mr. Livschitz directly beneficially owns 2,897,279 shares of common stock.
• Additionally, 13,134 shares are indirectly beneficially owned through his spouse.

Sentiment

Score: 4

Explanation: While the sale was pre-planned under a 10b5-1 plan, a significant insider sale by the CEO and a 10% owner can still be perceived as a slightly negative signal by the market, potentially impacting investor confidence.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, which indicates the transaction was pre-scheduled and not based on immediate, non-public information, potentially mitigating concerns about opportunistic selling.

Negatives

• A significant sale of 10,000 shares by the Chief Executive Officer and a 10% owner could be interpreted by the market as a signal of reduced confidence in the company's near-term prospects or a move towards diversification, which may exert downward pressure on the stock price.

Risks

• Investor sentiment may be negatively impacted by the insider sale, potentially leading to a decrease in the company's stock price.
• While executed under a 10b5-1 plan, large insider sales can sometimes raise questions about management's long-term commitment or outlook, even if the sale is for personal financial planning.

Future Outlook

The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard insider transaction report and does not provide broader industry context or trends. It reflects an individual executive's personal financial planning rather than a company-wide strategic move.

Related Party Transactions

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

Stakeholder Impact

• Shareholders may interpret the insider sale as a signal, potentially influencing their investment decisions and the company's stock price.

Key Dates

Keywords

Grid Dynamics Holdings, GDYN, Leonard Livschitz, Insider Trading, Form 4, Stock Sale, CEO, 10b5-1 Plan, Equity Transaction