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Filing Details

Accession Number:: 0001209191-22-058803
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-25 19:29:19
Reporting Period:: 2022-11-22

Accepted Time:: 2022-11-25 19:29:19
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1743725	Grid Dynamics Holdings Inc.	GDYN	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1204424	Lloyd Carney	C/O Grid Dynamics Holdings, Inc. 5000 Executive Parkway, Suite 520 San Ramon CA 94583		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2022-11-22	60,000	$12.48	708,709	No	4	S	Direct
Common Stock	Disposition	2022-11-22	23,000	$12.48	28,200	No	4	S	Indirect	See footnote
Common Stock	Disposition	2022-11-23	60,000	$12.55	648,709	No	4	S	Direct
Common Stock	Disposition	2022-11-23	23,000	$12.50	5,200	No	4	S	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Indirect	See footnote
No	4	S	Direct
No	4	S	Indirect	See footnote

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	12,542	Indirect	See footnote
Common Stock	288,800	Indirect	See footnote
Common Stock	19,675	Indirect	See footnote
Common Stock	74,345	Indirect	See footnote

Footnotes

This transaction was executed in multiple trades at prices ranging from $12.40 to $12.56. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
This transaction was executed in multiple trades at prices ranging from $12.44 to $12.57. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
The shares are held of record by The Lloyd Carney Foundation (the "Foundation"). Shares held by the Foundation were acquired upon transfer from the Reporting Person prior to the date hereof. The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person. Proceeds from the sale of the share will be donated to various charities.
This transaction was executed in multiple trades at prices ranging from $12.50 to $12.60. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.
The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust (the "2018 GRAT"). Shares held by the 2018 GRAT were acquired upon transfer from the Reporting Person prior to the date hereof.
The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust (the "2020 GRAT"). Shares held by the 2020 GRAT were acquired upon transfer from the Reporting Person prior to the date hereof.
The shares are held by the Ana M. Carney Living Trust (the "Living Trust"). Ana M. Carney is the Reporting Person's spouse. Shares held by the Living Trust were acquired upon transfer from the Reporting Person prior to the date hereof