Grid Dynamics Holdings Inc.

09/16/2024 | Press release | Distributed by Public on 09/16/2024 16:59

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Beijing Teamsun Technology Co. Ltd.
2. Issuer Name and Ticker or Trading Symbol
GRID DYNAMICS HOLDINGS, INC. [GDYN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
ROOM 501, 5/F, NO. 23 BUILDING , 10 E. BLOCK XIBEIWANG EAST RD.
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
HAIDIAN DISTRICT, BEIJING F4 0000
4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Join/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Beijing Teamsun Technology Co. Ltd.
ROOM 501, 5/F, NO. 23 BUILDING
10 E. BLOCK XIBEIWANG EAST RD.
HAIDIAN DISTRICT, BEIJING, F40000
X
Teamsun Technology (HK) Ltd
15/F., TOPSAIL PLAZA
11 ON SUM STREET
SHATIN, K300000
X
Automated Systems Holdings Ltd
15/F., TOPSAIL PLAZA
11 ON SUM STREET
SHATIN, K300000
X
GDB International Investment Ltd
15/F., TOPSAIL PLAZA
11 ON SUM STREET
SHATIN, K300000
X
GDD International Holding Co
15/F., TOPSAIL PLAZA
11 ON SUM STREET
SHATIN, K300000
X

Signatures

BEIJING TEAMSUN TECHNOLOGY CO., LTD., By: /s/ Wang Weihang, Director 2024-09-16
**Signature of Reporting Person Date
TEAMSUN TECHNOLOGY (HK) LIMITED By: /s/ Wang Weihang, Director 2024-09-16
**Signature of Reporting Person Date
AUTOMATED SYSTEMS HOLDINGS LIMITED By: /s/ Wang Yueou, Director 2024-09-16
**Signature of Reporting Person Date
GDB INTERNATIONAL INVESTMENT LIMITED By: /s/ Wang Yueou, Director 2024-09-16
**Signature of Reporting Person Date
GDD INTERNATIONAL HOLDING COMPANY By: /s/ Wang Yueou, Director 2024-09-16
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On September 12, 2024, GDD International Holding Company ("GDD") executed a block trade under Rule 144 pursuant to which an aggregate of 913,387 shares of common stock, par value $0.0001 per share, of Grid Dynamics Holdings, Inc. were sold for $12.80 per share.
(2) These securities are directly held by GDD, which is a wholly-owned subsidiary of GDB International Investment Limited, which is a wholly-owned subsidiary of Automated Systems Holdings Limited, which is a subsidiary controlled by Teamsun Technology (HK) Limited, which is a wholly-owned subsidiary of Beijing Teamsun Technology Co., Ltd. (collectively, the "Teamsun Entities").
(3) Each of the Teamsun Entities may be deemed to beneficially own the securities directly owned by GDD, although each of the Teamsun Entities (other than GDD) disclaims beneficial ownership of such securities, except to the extent of their respective pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, each of the Reporting Persons (other than GDD) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.