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

Jan 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2022-01-05

Reporting Person: Klimoff Stan (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-05	Common Stock	S	3230	$36.4142	Disposed	201475	Direct
2022-01-05	Common Stock	S	770	$37.2629	Disposed	200705	Direct
2022-01-05	Common Stock	S	2598	$36.4398	Disposed	75486	Indirect
2022-01-05	Common Stock	S	402	$37.4593	Disposed	75084	Indirect

Footnotes

F1: 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.

F2: This transaction was executed in multiple trades at prices ranging from $35.90 to $36.85. 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 $36.90 to $37.82. 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 $35.91 to $36.85. 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.

F7: This transaction was executed in multiple trades at prices ranging from $37.09 to $37.82. 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.