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

Director Patrick Nicolet acquired 3,672 shares of Grid Dynamics Holdings, Inc. through restricted stock units.

Summary

• Patrick Nicolet, a director at Grid Dynamics Holdings, Inc., acquired 3,672 shares of common stock on December 23, 2024.
• The acquisition was made through restricted stock units (RSUs), with each RSU representing one share of common stock.
• The price per share was $20.42.
• These RSUs will vest on December 23, 2025, contingent upon Mr. Nicolet's continued service with the company.
• Following this transaction, Mr. Nicolet directly owns 20,332 shares of Grid Dynamics.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of a director acquiring shares through a standard compensation plan, which is generally viewed positively as it aligns the director's interests with the company's performance.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on December 23, 2025, contingent upon the director's continued service.

Industry Context

This is a standard transaction for a director of a public company, often used as part of compensation packages to align interests with shareholders.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) is a common practice for compensating directors and executives in the technology industry, similar to companies like EPAM Systems and Globant.
• The vesting period of one year is also typical for such grants, aligning with industry standards for long-term incentives.

Stakeholder Impact

• The acquisition of shares by a director can be viewed positively by shareholders as it indicates confidence in the company's future performance.

Key Dates

Keywords

Grid Dynamics, Director, Patrick Nicolet, Restricted Stock Units, RSU, Share Acquisition, Beneficial Ownership, SEC Form 4