Form 4: Grid Dynamics Holdings COO Gryzlov Sells Shares to Cover Tax Obligations

Yury Gryzlov, COO of Grid Dynamics Holdings, disposed of 1,753 shares of common stock on April 1, 2025, to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On April 1, 2025, Yury Gryzlov, the Chief Operating Officer of Grid Dynamics Holdings, disposed of 1,753 shares of common stock.
• The transaction was executed to satisfy tax withholding and remittance obligations associated with the net settlement of restricted stock units.
• The shares were sold at a price of $15.52 per share.
• Following the transaction, Gryzlov directly owns 479,006 shares of Grid Dynamics Holdings.
• The transaction was reported on Form 4, filed with the Securities and Exchange Commission on April 3, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents a routine transaction for tax purposes and doesn't indicate any strategic shift or concern regarding the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related stock disposal, which is common among executives who receive equity compensation.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, insider trading, stock disposal, tax withholding, restricted stock units, Grid Dynamics Holdings, GDYN, Yury Gryzlov, COO