Form 4: Grid Dynamics CFO Anil Doradla Sells 4,000 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Anil Doradla, CFO of Grid Dynamics Holdings, Inc., sold 4,000 shares of common stock on March 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 1, 2024, Anil Doradla, the CFO of Grid Dynamics Holdings, Inc., sold 4,000 shares of the company's common stock.
- The sale was executed under a Rule 10b5-1 trading plan adopted on August 30, 2023.
- The shares were sold at a weighted average price of $13.2563, with individual transaction prices ranging from $13.095 to $13.49.
- Following the transaction, Doradla directly owns 395,568 shares of Grid Dynamics.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time 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 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-08-30 | Date the Reporting Person adopted the Rule 10b5-1 trading plan |
| 2024-03-01 | Date of the stock sale transaction |
| 2024-03-05 | Date of the Form 4 filing |
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