Gryzlov Yury 4

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.