Form 4: Grid Dynamics Holdings COO Gryzlov Yury Reports Tax Withholding Transactions
SEC Form 4 Filing
Yury Gryzlov, COO of Grid Dynamics Holdings, reports the withholding of shares to cover tax obligations related to restricted stock units.
Summary
- On May 3, 2024, Yury Gryzlov, the Chief Operating Officer of Grid Dynamics Holdings, had 3,960 shares of common stock withheld by the issuer to cover tax obligations at a price of $10.07 per share, leaving him with 422,928 shares.
- On May 4, 2024, a further 1,907 shares were withheld for the same reason at the same price, resulting in a total of 421,021 shares beneficially owned following the transaction.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
This is a standard SEC filing related to changes in beneficial ownership by a company insider. It is common for companies to withhold shares to cover tax obligations when restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to tax withholding.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | 3,960 shares withheld for tax obligations. |
| 05/04/2024 | 1,907 shares withheld for tax obligations. |
| 05/07/2024 | Date of signature for the report. |
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