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

Feb 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2022-02-04

Reporting Person: Klimoff Stan (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-04	Common Stock	F	2447	$25.37	Disposed	198258	Direct
2022-02-07	Common Stock	S	4000	$25.3449	Disposed	194258	Direct
2022-02-07	Common Stock	S	3000	$25.3084	Disposed	72084	Indirect

Footnotes

F1: Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2021 by the Reporting Person.

F3: This transaction was executed in multiple trades at prices ranging from $25.08 to $25.57. 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: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan entered into on March 11, 2021 by the O. Fox Charitable Trust for which the Reporting Person serves as trustee (the "O. Fox Trust").

F5: This transaction was executed in multiple trades at prices ranging from $25.01 to $25.57. 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.

F6: The shares are held of record by the O. Fox Trust.