GRID DYNAMICS HOLDINGS, INC. — Director's Dealing 2024

Sep 17, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRID DYNAMICS HOLDINGS, INC. (GDYN)
CIK: 0001743725
Period of Report: 2024-09-12

Reporting Person: Beijing Teamsun Technology Co. Ltd. (10% Owner)
Reporting Person: Teamsun Technology (HK) Ltd (10% Owner)
Reporting Person: Automated Systems Holdings Ltd (10% Owner)
Reporting Person: GDB International Investment Ltd (10% Owner)
Reporting Person: GDD International Holding Co (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-09-12	Common Stock	S	913387	$12.80	Disposed	13889183	Indirect

Footnotes

F1: On September 12, 2024, GDD International Holding Company ("GDD") executed a block trade under Rule 144 pursuant to which an aggregate of 913,387 shares of common stock, par value $0.0001 per share, of Grid Dynamics Holdings, Inc. were sold for $12.80 per share.

F2: These securities are directly held by GDD, which is a wholly-owned subsidiary of GDB International Investment Limited, which is a wholly-owned subsidiary of Automated Systems Holdings Limited, which is a subsidiary controlled by Teamsun Technology (HK) Limited, which is a wholly-owned subsidiary of Beijing Teamsun Technology Co., Ltd. (collectively, the "Teamsun Entities").

F3: Each of the Teamsun Entities may be deemed to beneficially own the securities directly owned by GDD, although each of the Teamsun Entities (other than GDD) disclaims beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than GDD) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.