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

Grid Dynamics Holdings CEO Leonard Livschitz sold 10,000 shares of common stock for a weighted average price of $9.70 per share under a pre-arranged trading plan.

Summary

• Leonard Livschitz, the Chief Executive Officer and a Director of Grid Dynamics Holdings, Inc. (GDYN), sold 10,000 shares of common stock.
• The transaction occurred on January 6, 2026, at a weighted average sale price of $9.70 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Mr. Livschitz on August 4, 2025.
• The individual trades ranged in price from $9.55 to $9.79 per share.
• Following this transaction, Mr. Livschitz directly beneficially owns 3,134,343 shares of common stock.
• Additionally, 12,860 shares are indirectly beneficially owned by Mr. Livschitz, held by his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a pre-scheduled sale under a 10b5-1 plan, which typically does not reflect a change in management's immediate outlook on the company's prospects. The sale amount is also relatively small compared to the CEO's total holdings.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction report is a routine disclosure and does not provide specific insights into broader industry trends or competitive landscape. It reflects an individual executive's pre-planned stock sale.

Stakeholder Impact

• Shareholders: The sale of 10,000 shares by the CEO is a minor transaction relative to the company's total outstanding shares and the CEO's overall holdings, thus having minimal direct impact on existing shareholders. The pre-arranged nature of the sale mitigates concerns about its signaling effect.

Key Dates

Recommendation

The Form 4 details a routine, pre-scheduled insider stock sale under a 10b5-1 plan. This type of transaction typically does not provide new fundamental information about the company's performance or prospects that would warrant a change in investment recommendation. Investors should continue to hold based on existing fundamental analysis rather than reacting to this planned insider sale.

Keywords

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