Transaction Details

Footnotes

These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Common Stock. 100% of the RSUs shall vest on December 23, 2026, subject to the Reporting Person continuing as a service provider through such date. | These securities are RSUs, each of which represents a contingent right to receive one share of Common Stock. One-quarter of the RSUs shall vest on March 23, 2026 and one-quarter shall vest on each three-month anniversary thereafter, subject to the Reporting Person continuing as a service provider in the same Grid Dynamics Holdings, Inc. board of directors and (if applicable) board committee roles through each such date. | The shares are held by The Lloyd A. Carney Revocable Trust dated September 25, 1995. | The shares are held by The Lloyd Carney Foundation (the "Foundation"). The Foundation is a 501(c)(3) charitable organization controlled by the Reporting Person. | The shares are held by the Lloyd Carney 2018 Grantor Retained Annuity Trust. | The shares are held by the Lloyd Carney 2020 Grantor Retained Annuity Trust.