Livschitz Leonard 4

What Happened Leonard Livschitz, CEO of Grid Dynamics (GDYN), received 658,240 performance shares that vested after the Board determined performance conditions were met. To satisfy tax withholding obligations, 355,119 of those shares were withheld/treated as disposed at $6.94 per share, resulting in proceeds/remittance of $2,464,526. The award share price is recorded as $0.00 because these were performance awards, not an open-market purchase.

Key Details

• Transaction dates: Award issued 2026-02-07; withholding/tax disposition recorded 2026-02-10 (filing accession dated 2026-02-10).
• Award: 658,240 performance shares acquired (F1: vested after Board determination).
• Tax withholding/disposition: 355,119 shares disposed/withheld at $6.94, total $2,464,526 (F2: shares withheld to satisfy tax obligations).
• Net shares remaining from the award (658,240 − 355,119) = 303,121 shares issued to the reporting person before considering other holdings (filing does not list full post-transaction total held by the reporting person).
• Footnote F3: some shares are held by the reporting person’s spouse.
• Filing: Form 4 filed 2026-02-10 (no late-filing designation provided in the supplied data).

Context This was a performance-share vesting event followed by routine tax withholding, not an open-market sale for investment purposes. Withholding of shares to cover taxes is common after equity awards and does not by itself indicate a change in insider sentiment. The award originated from grants dated January 1, 2024 (per F1).