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

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2020-03-13

Reporting Person: Livshitz Victoria (EVP of Customer Success)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-13	Common Stock	A	129500	$0.00	Acquired	129500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-13	Stock Option (right to buy)	$8.26	A	140000	Acquired	2030-03-12	Common Stock (140000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	576732	Indirect
Common Stock	189804	Indirect
Common Stock	81343	Indirect

Footnotes

F1: The reported shares are represented by restricted stock units, or RSUs, pursuant to which one-fourth of the RSUs vest on March 13, 2021 and the remaining RSUs vest in 12 equal quarterly installments thereafter.

F2: The shares are held of record by VLSK 2019 LLC for which the reporting person serves as a member.

F3: The shares are held of record by the Victoria Livschitz Charitable Trust for which the reporting person serves as trustee.

F4: The shares are held of record by the Livschitz Children's Charitable Trust for which the reporting person serves as trustee.

F5: One-fourth of the shares subject to the option vest on March 13, 2021 and the remaining shares vest in 12 equal quarterly installments thereafter.