Form 4: Grid Dynamics COO Reports Routine Share Dispositions for Tax and Pre-Planned Sale

Grid Dynamics Holdings, Inc.'s Chief Operating Officer, Yury Gryzlov, reported the disposition of common stock shares for tax withholding and through a pre-arranged 10b5-1 trading plan.

Summary

• Yury Gryzlov, Chief Operating Officer of Grid Dynamics Holdings, Inc. (GDYN), filed a Form 4 reporting changes in his beneficial ownership.
• On July 1, 2025, 1,753 shares of common stock were disposed of at a price of $11.87 per share. These shares were withheld by the Issuer to satisfy tax withholding and remittance obligations related to the net settlement of restricted stock units.
• Following this transaction, Gryzlov beneficially owned 470,516 shares of common stock.
• On July 2, 2025, an additional 737 shares of common stock were sold at a price of $11.82 per share. This sale was executed pursuant to a Rule 10b5-1 trading plan adopted by Gryzlov on November 21, 2024.
• After both transactions, Gryzlov's beneficial ownership stands at 469,779 shares of common stock.

Sentiment

Score: 5

Explanation: The transactions reported are routine and pre-planned (tax withholding, 10b5-1 plan sale), indicating neutral sentiment. They do not suggest any new positive or negative developments for the company.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction disclosure and does not provide specific industry context or trends. It reflects standard compensation and personal trading practices for executives in publicly traded technology or consulting firms.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan for stock sales is a common practice among executives to avoid accusations of insider trading, aligning with corporate governance best practices in the industry.
• Tax withholding on restricted stock unit settlements is a standard procedure for equity compensation, consistent with practices across publicly traded companies.

Stakeholder Impact

• Shareholders: The reported transactions are routine insider dispositions (tax withholding and 10b5-1 plan sale) and are unlikely to have a significant direct impact on the company's operational performance or strategic direction. The small volume of shares sold under the 10b5-1 plan is typical for executive liquidity management.

Key Dates

Keywords

Grid Dynamics Holdings, GDYN, Form 4, Insider Trading, Stock Disposition, Rule 10b5-1, Tax Withholding, Restricted Stock Units, Chief Operating Officer, Yury Gryzlov