Doradla Anil 4
Research Summary
AI-generated summary
GRID DYNAMICS (GDYN) CFO Anil Doradla Sells 2,118 Shares to Cover Taxes
What Happened
Anil Doradla, Chief Financial Officer of Grid Dynamics Holdings, had 2,118 shares withheld/disposed as tax withholding in connection with the net settlement of restricted stock units. The shares were recorded at $6.24 each, for a total value of about $13,216. This was a withholding to satisfy tax obligations (not an open‑market sale for income or investment).
Key Details
- Transaction date: 2026-07-01; filing date: 2026-07-02 (timely filed).
- Disposed: 2,118 shares at $6.24 per share = $13,216 (code F — tax withholding).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: F1 — Shares were withheld by the issuer to satisfy tax withholding and remittance obligations related to net settlement of restricted stock units.
Context
This is a routine tax‑withholding/net‑settlement transaction tied to RSUs (cashless/net settlement), and not necessarily a signal of buying or selling intent. Such transactions are common when restricted awards vest and the company withholds shares to cover required taxes.