Form 4: Grid Dynamics CFO Anil Doradla Sells 3,000 Shares of Common Stock
SEC Form 4 Filing
Anil Doradla, CFO of Grid Dynamics Holdings, Inc., sold 3,000 shares of common stock on July 1, 2024, at a price of $10.43 per share, according to a Form 4 filing with the SEC.
Summary
- Anil Doradla, the Chief Financial Officer of Grid Dynamics Holdings, Inc. (GDYN), reported a transaction involving the company's common stock.
- On July 1, 2024, Doradla sold 3,000 shares of common stock at a price of $10.43 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 30, 2023.
- Following the transaction, Doradla directly owns 372,282 shares of Grid Dynamics Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| August 30, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| July 01, 2024 | Date of the transaction (sale of common stock) |
| July 03, 2024 | Date of the signature on the SEC Form 4 filing |
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