Form 4: Grid Dynamics CFO Sells Shares for Tax Obligations

Grid Dynamics Holdings, Inc. CFO Anil Doradla disposed of 2,953 shares of common stock to satisfy tax withholding obligations related to restricted stock units.

Summary

• Anil Doradla, Chief Financial Officer of Grid Dynamics Holdings, Inc. (GDYN), reported a transaction on October 28, 2025.
• The transaction involved the disposition of 2,953 shares of Common Stock.
• These shares were withheld by the Issuer to cover tax withholding and remittance obligations associated with the net settlement of restricted stock units.
• The price per share for the disposed securities was $8.22.
• Following this transaction, Mr. Doradla directly beneficially owns 349,220 shares of Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a standard, non-discretionary event for tax purposes related to equity compensation, and therefore has a neutral sentiment.

Negatives

• The reporting person's direct beneficial ownership of common stock decreased by 2,953 shares due to the tax-related disposition.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report (Form 4) detailing a tax-related disposition of shares by a corporate officer. Such transactions are common across all industries when restricted stock units or other equity awards vest, as the company typically withholds shares to cover the recipient's tax liabilities.

Related Party Transactions

• The disposition of shares by the Issuer to satisfy tax withholding obligations for an executive officer is a standard compensation-related transaction.

Stakeholder Impact

• Shareholders: The transaction represents a minor, non-discretionary reduction in insider ownership, which is a common occurrence and generally has minimal impact on shareholder perception.
• Employees (specifically Anil Doradla): The transaction facilitates the tax obligations arising from the vesting of restricted stock units, ensuring compliance with tax laws.

Key Dates

Keywords

Grid Dynamics, GDYN, Form 4, Insider Transaction, CFO, Stock Disposition, Tax Withholding, Restricted Stock Units