Doradla Anil 4

What Happened

• Anil Doradla, Chief Financial Officer of Grid Dynamics Holdings, received 49,368 performance shares on 2026-02-07 (award, code A). The shares were issued at $0.00 per share (performance-based vesting).
• On 2026-02-10 the company withheld 22,125 of those shares (code F) to satisfy tax withholding obligations at an effective value of $6.94 per share, totaling $153,548.

Key Details

• Transaction dates and prices:
  • 2026-02-07: Award of 49,368 performance shares (price $0.00).
  • 2026-02-10: 22,125 shares withheld by issuer at $6.94 per share (value $153,548) for tax withholding.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: Board determined performance conditions were met for the performance shares granted 2024-01-01.
  • F2: The 22,125 shares were withheld by the issuer to satisfy tax withholding/remittance obligations.
• Filing timeliness: Form filed 2026-02-10 for a 2026-02-07 report — appears to be within the typical two-business-day Form 4 filing window.

Context

• This was a performance-share vesting event, not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is a routine administrative action (a net share settlement) and does not indicate an open-market sale.
• For retail investors, awards vesting indicates compensation recognition but is not the same as the insider buying more stock; it increases the insider's holdings unless shares are withheld.