Gryzlov Yury 4

What Happened

• Yury Gryzlov, Chief Operating Officer of Grid Dynamics (GDYN), had 2,629 shares withheld by the issuer to satisfy tax withholding in connection with the net settlement of restricted stock units. The shares were valued at $6.58 each, totaling $17,299, and are reported as a disposition (transaction code F).

Key Details

• Transaction date: 2026-02-14; filing date: 2026-02-18 (filing appears timely).
• Price per share: $6.58; Shares withheld/disposed: 2,629; Total value: $17,299.
• Shares owned after transaction: not specified in the provided filing data.
• Footnote: The shares were withheld by the issuer to satisfy tax withholding and remittance obligations related to the net settlement of RSUs granted to the reporting person on February 14, 2025 (Footnote F1).
• Transaction code F indicates tax withholding/net settlement rather than an open-market sale (not a 10b5-1 sale or gift).

Context

• This was a routine tax-withholding/net settlement of previously granted restricted stock units (RSUs), not an active sale into the open market. Such withholdings are common when RSUs vest and do not necessarily indicate a change in the insider's view of the company.