SEC Form 4 · accession 0001213900-18-013856
GRID DYNAMICS HOLDINGS, INC. · GDYN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chaserg Technology Sponsor LLC
10% Owner
Period of report
Oct 10, 2018
Accepted (ET)
Oct 12, 2018 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001743725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Oct 10, 2018 | P | 500,000 | $10.00 | A | 500,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are underlying units (each unit consisting of one share of Class A common stock and one half of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by Chaserg Technology Sponsor LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer. Does not include 5,750,000 shares of Class B common stock previously reported on a Form 3, which shares will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- F2Each of the issuer's officers, directors and advisors is, directly or indirectly, a member of the Sponsor. There are three managing members of the Sponsor. Each managing member of the Sponsor has one vote, and the approval of two of the three managing members is required to approve an action of the Sponsor. No individual managing member of the Sponsor exercises voting or dispositive control over any of the securities held by the Sponsor, even those in which he directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares.