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

Grid Dynamics Holdings, Inc. CEO Leonard Livschitz sold 10,000 shares of common stock for $9.70 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Leonard Livschitz, the Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), reported a sale of common stock.
• On December 9, 2025, Mr. Livschitz disposed of 10,000 shares of GDYN common stock.
• The shares were sold at a weighted average price of $9.70 per share, with individual trades ranging from $9.57 to $9.80.
• This transaction was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Livschitz on August 4, 2025.
• Following this transaction, Mr. Livschitz directly beneficially owns 2,831,378 shares of common stock.
• Additionally, 12,860 shares are indirectly beneficially owned through his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a pre-planned sale under a 10b5-1 plan, which is a routine event and not typically indicative of management's view on the company's immediate future performance.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a reaction to recent events, which can reduce negative market perception.

Negatives

• The CEO's direct beneficial ownership decreased by 10,000 shares, which, while planned, represents a reduction in direct insider holdings.

Future Outlook

N/A

Industry Context

This filing reports a routine insider stock transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• 12,860 shares are indirectly beneficially owned by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership, but mitigated by the transparency of a 10b5-1 plan, suggesting no immediate negative implications for company strategy or performance.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled insider stock sale under a 10b5-1 plan. Such transactions are generally not considered a strong signal for future stock performance or a change in company fundamentals, thus a 'hold' recommendation is appropriate as this filing alone does not warrant a change in investment thesis.

Keywords

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