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

May 7, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2020-05-04

Reporting Person: Klimoff Stan (VP of Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-04	Common Stock	A	70000	$0.00	Acquired	199500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	108459	Indirect

Footnotes

F1: These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. One-fourth of the RSUs shall vest on May 4, 2021 and one-sixteenth of the RSUs shall vest on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.

F2: The shares are held of record by the O. Fox Charitable Trust for which the reporting person serves as trustee.