Gryzlov Yury 4
4 · GRID DYNAMICS HOLDINGS, INC. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Grid Dynamics (GDYN) COO Yury Gryzlov Receives Award
What Happened
Yury Gryzlov, Chief Operating Officer of Grid Dynamics (GDYN), was issued 98,736 performance shares (grants priced at $0.00) following a board determination that performance conditions were met. To satisfy tax withholding obligations, 25,964 of those shares were withheld by the company on Feb 10, 2026 and accounted as dispositions at $6.94 per share for total withholding value of $180,190. Net shares retained by Gryzlov from this issuance: 72,772.
Key Details
- Transaction dates: Awards acquired on 2026-02-07 (65,824 and 32,912 shares); tax-withholding dispositions on 2026-02-10 (17,310 and 8,654 shares) at $6.94 each.
- Dollar amounts: Withheld shares totaled $120,131 and $60,059 (combined ~$180,190). Awards were granted at $0.00 per share.
- Shares owned after transaction: Not reported in the supplied filing details.
- Footnotes: Board determined performance conditions met for awards granted Jan 1, 2024 (F1/F3) and Feb 14, 2025 (F2/F4); withheld shares represent remittance for tax obligations.
- Filing timeliness: Form 4 filed 2026-02-10 reporting a 2026-02-07 award; no late-filing indication provided in the supplied data.
Context
These were performance-share awards issued by the company (code A), not open-market purchases. The withheld-share entries (code F) are a common administrative step where the issuer retains shares to cover the insider’s tax liability — functionally not an active market sale by the insider. The awards became issuable upon the board’s determination that performance targets were achieved.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-07+65,824→ 540,360 total - Award
Common Stock
[F2]2026-02-07+32,912→ 573,272 total - Tax Payment
Common Stock
[F3]2026-02-10$6.94/sh−17,310$120,131→ 555,962 total - Tax Payment
Common Stock
[F4]2026-02-10$6.94/sh−8,654$60,059→ 547,308 total
Footnotes (4)
- [F1]Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on January 1, 2024.
- [F2]Represents the acquisition of shares upon the determination of the Board of Directors of the Issuer that the performance conditions were met with respect to the performance share awards granted to the Reporting Person on February 14, 2025.
- [F3]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the issuance of shares pursuant to performance share awards granted to the Reporting Person on January 1, 2024.
- [F4]Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the issuance of shares pursuant to performance share awards granted to the Reporting Person on February 14, 2025.