GRID DYNAMICS HOLDINGS, INC. — Director's Dealing 2022

Dec 27, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2022-12-22

Reporting Person: CARNEY LLOYD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-22	Common Stock	A	8628	$0.00	Acquired	657337	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12542	Indirect
Common Stock	5200	Indirect
Common Stock	288800	Indirect
Common Stock	19675	Indirect
Common Stock	74345	Indirect

Footnotes

F1: These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 100% of the RSUs shall vest on December 22, 2023, subject to the Reporting Person continuing as a service provider through such date.

F2: The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.

F3: The shares are held by The Lloyd Carney Foundation (the "Foundation"). The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person.

F4: The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust.

F5: The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.

F6: The shares are held by the Ana M. Carney Living Trust. Ana M. Carney is the Reporting Person's spouse.