Form 4: Grid Dynamics Director Acquires Shares Through Restricted Stock Units

A Grid Dynamics director, Shuo Zhang, acquired 3,672 shares of common stock through restricted stock units (RSUs) that will vest on December 23, 2025.

Summary

• Shuo Zhang, a director at Grid Dynamics Holdings, Inc., acquired 3,672 shares of common stock.
• The acquisition was made through restricted stock units (RSUs), with each RSU representing a contingent right to one share of common stock.
• The RSUs were acquired on December 23, 2024, at a price of $20.42 per share.
• The RSUs will vest on December 23, 2025, contingent upon Mr. Zhang's continued service with the company.
• Following this transaction, Mr. Zhang beneficially owns 95,515 shares of Grid Dynamics common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of equity compensation, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The vesting schedule of the RSUs aligns the director's interests with the long-term performance of the company.

Future Outlook

The vesting of the RSUs is contingent on the director's continued service through December 23, 2025.

Industry Context

This is a standard practice for companies to grant equity to directors as part of their compensation and to align their interests with shareholders.

Comparison to Industry Standards

• Equity-based compensation, such as RSUs, is a common practice among publicly traded technology companies like Grid Dynamics.
• Companies such as EPAM Systems and Globant also use similar equity compensation plans for their directors and executives.
• The vesting period of one year is also a typical timeframe for such grants.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Grid Dynamics, Director, Share Acquisition, Restricted Stock Units, RSUs, Beneficial Ownership, Equity