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

Oct 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2022-10-07

Reporting Person: Klimoff Stan (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-07	Common Stock	S	8556	$16.5435	Disposed	263617	Direct
2022-10-07	Common Stock	S	3111	$17.7908	Disposed	260506	Direct
2022-10-07	Common Stock	S	333	$18.4917	Disposed	260173	Direct
2022-10-07	Common Stock	S	8532	$16.5409	Disposed	51552	Indirect
2022-10-07	Common Stock	S	3104	$17.7874	Disposed	48448	Indirect
2022-10-07	Common Stock	S	364	$18.5162	Disposed	48084	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on August 8, 2022 by the Reporting Person.

F2: This transaction was executed in multiple trades at prices ranging from $16.271 to $16.93. 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.

F3: This transaction was executed in multiple trades at prices ranging from $17.43 to $18.185. 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.

F4: This transaction was executed in multiple trades at prices ranging from $18.43 to $18.54. 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.

F5: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on August 8, 2022 by the O. Fox Charitable Trust for which the Reporting Person serves as trustee (the "O. Fox Trust").

F6: This transaction was executed in multiple trades at prices ranging from $16.275 to $17.08. 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.

F7: The shares are held of record by the O. Fox Trust.

F8: This transaction was executed in multiple trades at prices ranging from $17.43 to $18.18. 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.

F9: This transaction was executed in multiple trades at prices ranging from $18.49 to $18.54. 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.