Form 4: Grid Dynamics CFO Anil Doradla Reports Stock Disposals for Tax Obligations

Anil Doradla, CFO of Grid Dynamics Holdings, Inc., reported the disposal of common stock to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On May 3, 2024, Anil Doradla, the CFO of Grid Dynamics Holdings, Inc., disposed of 5,759 shares of common stock at a price of $10.07.
• On May 4, 2024, Doradla disposed of an additional 1,938 shares of common stock, also at $10.07.
• These disposals were to cover tax withholding and remittance obligations related to the net settlement of restricted stock units.
• Following these transactions, Doradla beneficially owns 378,282 shares of Grid Dynamics Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as executives and directors. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The disposal of shares by the CFO could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.

Key Dates