Form 4: Grid Dynamics CFO Anil Doradla Reports Tax-Related Stock Disposal

Anil Doradla, CFO of Grid Dynamics Holdings, Inc., reports the disposal of 3,589 common stock shares to cover tax obligations related to the settlement of restricted stock units on March 13, 2024.

Summary

• On March 13, 2024, Anil Doradla, the Chief Financial Officer of Grid Dynamics Holdings, Inc., disposed of 3,589 shares of common stock.
• The disposal was executed to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units.
• The price per share for the transaction was $12.54.
• Following the transaction, Doradla directly owns 391,979 shares of Grid Dynamics Holdings, Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO in this case, trade their company's stock. This provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by an insider to cover tax obligations.

Key Dates