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

Grid Dynamics CEO, Leonard Livschitz, sold 5,000 shares of company stock at $18 per share, while also having 159 shares withheld for tax obligations.

Summary

• Grid Dynamics CEO, Leonard Livschitz, engaged in two transactions involving company stock.
• On November 21, 2024, 159 shares were withheld to cover tax obligations related to the settlement of restricted stock units.
• On November 22, 2024, Mr. Livschitz sold 5,000 shares at a price of $18 per share.
• Following these transactions, Mr. Livschitz directly owns 3,385,901 shares of Grid Dynamics stock.
• The sale of 5,000 shares was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 1, 2023.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies to manage their stock sales.
• The reported transactions are typical for executive stock sales and are similar to those seen at comparable technology companies.

Stakeholder Impact

• The stock sale by the CEO may have a minor impact on shareholder sentiment, but is unlikely to cause significant price movement due to the pre-planned nature of the transaction.

Key Dates

Keywords

Grid Dynamics, GDYN, insider trading, stock sale, Rule 10b5-1, CEO, Leonard Livschitz, executive compensation, share transaction