Director Shuo Zhang of Grid Dynamics Holdings, Inc. filed a Form 144 notice on November 12, 2026, disclosing a proposed sale of 10,000 shares of common stock executed on November 11, 2026, with an aggregate market value of $138,400.00.

Key Highlights

  • Seller: Shuo Zhang, identified as a Director of Grid Dynamics Holdings, Inc.
  • Shares proposed for sale: 10,000 shares of common stock, with an aggregate market value of $138,400.00.
  • Approximate date of sale: November 11, 2026, executed through Morgan Stanley Smith Barney LLC Executive Financial Services.
  • Shares outstanding: 80,370,132 shares of common stock outstanding at the time of the notice.
  • Source of shares: Restricted stock acquired from the issuer across four tranches dated March 2, 2021; March 6, 2021; December 15, 2021; and December 19, 2024.
  • Prior three-month sales: The filing reports nothing to report for securities sold during the past three months.

Grid Dynamics Director Shuo Zhang Proposes Sale of Restricted Stock Shares

According to the Form 144 notice filed with the SEC on November 12, 2026, Shuo Zhang, a Director at Grid Dynamics Holdings, Inc. (NASDAQ:GDYN), disclosed a proposed sale of 10,000 shares of common stock. The filing states that the sale was executed on November 11, 2026, through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004. The aggregate market value of the shares to be sold is listed as $138,400.00.

The filing identifies four separate tranches of restricted stock acquired from the issuer as the source of the securities. These include 880 shares acquired on March 2, 2021; 3,799 shares acquired on March 6, 2021; 2,762 shares acquired on December 15, 2021; and 2,559 shares acquired on December 19, 2024. All acquisitions are described as restricted stock received from the issuer, and no gift transactions are indicated. The filing notes no securities sold by Zhang during the past three months.

The filing includes a remark stating: "Sales that were executed on November 11, 2026 are being reported on this Form 144 filed on November 12, 2026 given the EDGAR system was not accepting filings on November 11, 2026 in observance of the federal holiday." The total shares outstanding at the time of the notice are reported as 80,370,132. The issuer's address is listed as 6101 Bollinger Canyon Road, Suite 465, San Ramon, California 94583.

What Was Disclosed

Grid Dynamics Holdings Director Shuo Zhang filed a Form 144 notice disclosing a proposed sale of 10,000 common shares with an aggregate market value of $138,400.00, executed on November 11, 2026, and sourced from restricted stock grants received between 2021 and 2024.