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

May 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2023-05-03

Reporting Person: Klimoff Stan (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-03	Common Stock	F	27378	$11.38	Disposed	258637	Direct
2023-05-04	Common Stock	F	2303	$11.30	Disposed	256334	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	48084	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 shares are held of record by the O. Fox Charitable Trust for which the Reporting Person serves as trustee.