Form 4: Grid Dynamics CEO Sells $262,400 in Company Stock Under Pre-Arranged Trading Plan

Grid Dynamics Holdings, Inc. CEO Leonard Livschitz sold 20,000 shares of common stock for approximately $262,400 on May 27, 2025, as part of a pre-arranged Rule 10b5-1 trading plan.

Summary

• Leonard Livschitz, the Chief Executive Officer, Director, and a 10% Owner of Grid Dynamics Holdings, Inc. (GDYN), reported a transaction involving the company's common stock.
• On May 27, 2025, Mr. Livschitz disposed of 20,000 shares of GDYN common stock.
• The shares were sold at a weighted average price of $13.12 per share, resulting in a total transaction value of approximately $262,400.
• This sale was executed pursuant to a Rule 10b5-1 trading plan that Mr. Livschitz adopted on August 5, 2024.
• Following this transaction, Mr. Livschitz directly beneficially owns 3,003,180 shares of common stock and indirectly owns an additional 13,134 shares through his spouse.

Sentiment

Score: 5

Explanation: The sale of shares by the CEO was conducted under a pre-arranged Rule 10b5-1 trading plan, which typically indicates a planned diversification or liquidity event rather than a reaction to new negative information, thus maintaining a neutral sentiment.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, which indicates a pre-scheduled transaction rather than a reaction to immediate company news, potentially mitigating negative market perception.

Negatives

• Insider selling, even under a 10b5-1 plan, can sometimes be interpreted by investors as a lack of confidence in the company's near-term prospects, although this is not necessarily the case with pre-planned sales.

Future Outlook

NA

Management Comments

• "These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2024."

Industry Context

NA

Related Party Transactions

• The Reporting Person's spouse holds 13,134 shares indirectly.

Stakeholder Impact

• Shareholders may interpret the CEO's stock sale, even under a 10b5-1 plan, with varying degrees of concern or neutrality regarding management's confidence in the company's short-term stock performance.

Key Dates

Keywords

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