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

May 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2022-05-03

Reporting Person: Gryzlov Yury (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-03	Common Stock	A	104003	$0.00	Acquired	333481	Direct
2022-05-04	Common Stock	F	2249	$15.17	Disposed	331232	Direct

Footnotes

F1: These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. One-half of the RSUs shall vest on May 3, 2023 and one-eighth 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: Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of RSUs.