GRID DYNAMICS HOLDINGS, INC. — Director's Dealing 2020

Aug 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2020-08-03

Reporting Person: CARNEY LLOYD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-03	Common Stock	A	3097	$0.00	Acquired	953097	Direct

Footnotes

F1: These securities are fully vested restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. As previously reported, these restricted stock units were granted in lieu of individual quarterly cash retainer payments for Board service for the Issuer that the Reporting Person would have otherwise received pursuant to the Issuer's Outside Director Compensation Policy.

F2: Includes 950,000 shares received in a pro rata distribution from Chaserg Technology Sponsor LLC in June 2020. The acquisition of such shares was exempt pursuant to Rule 16a-9.