GRID DYNAMICS HOLDINGS, INC. — Director's Dealing 2023

Nov 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2023-11-14

Reporting Person: CARNEY LLOYD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-14	Common Stock	S	18400	$11.6142	Disposed	659262	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: This transaction was executed in multiple trades at prices ranging from $11.60 to $11.71. 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.

F2: The number of shares beneficially owned has been adjusted pursuant to an internal review of the Reporting Person's holdings.

F3: The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995.

F4: 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.

F5: The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust.

F6: The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.

F7: The shares are held by the Ana M. Carney Living Trust. Ana M. Carney is the Reporting Person's spouse.