# EDGAR Filing Document

**Accession Number:** 0001743725
**File Stem:** 0001104659-25-124231
**Filing Date:** 2025-12
**Character Count:** 12337
**Document Hash:** a8fb2ab25276f47da9e31638a64fb879
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-124231.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001104659-25-124231

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20251223

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GRID DYNAMICS HOLDINGS, INC.
- **CENTRAL INDEX KEY:** 0001743725
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 830632724
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38685
- **FILM NUMBER:** 251600810

**BUSINESS ADDRESS:**
- **STREET 1:** 6101 BOLLINGER CANYON ROAD
- **STREET 2:** SUITE 465
- **CITY:** SAN RAMON
- **STATE:** CA
- **ZIP:** 94583
- **BUSINESS PHONE:** (650) 523-5000

**MAIL ADDRESS:**
- **STREET 1:** 6101 BOLLINGER CANYON ROAD
- **STREET 2:** SUITE 465
- **CITY:** SAN RAMON
- **STATE:** CA
- **ZIP:** 94583

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ChaSerg Technology Acquisition Corp
- **DATE OF NAME CHANGE:** 20180615

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **December 23, 2025**

**GRID DYNAMICS HOLDINGS, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-38685** | **83-0632724** |
| **(State or other jurisdiction** | **(Commission** | **(I.R.S. Employer** |
| **of incorporation)** | **File Number)** | **Identification No.)** |

---

**5000 Executive Parkway, Suite 520**

**San Ramon, CA 94583**

(Address of principal executive offices)

Registrant's telephone number, including area code: **(650) 523-5000**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which <br> registered** |
| Common Stock, par value $0.0001 per share | GDYN | The NASDAQ Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers**

At the 2025 Annual Meeting of Stockholders (the "Annual Meeting") of Grid Dynamics Holdings, Inc. (the "Company") held on December 23, 2025, the Company's stockholders approved an amendment (the "Plan Amendment") to the Grid Dynamics Holdings, Inc. 2020 Equity Incentive Plan (the "2020 Equity Incentive Plan") to increase the number of shares of common stock of the Company available for issuance under the 2020 Equity Incentive Plan by 3,500,000 shares. Also, as part of the Plan Amendment, the 2020 Equity Incentive Plan was amended so that it no longer permits the repricing, exchange, certain transfers or cash buyout of equity awards without stockholder approval. The Plan Amendment was previously approved by the board of directors of the Company, subject to stockholder approval.

The Plan Amendment became effective immediately upon stockholder approval at the Annual Meeting. A more complete summary of the terms of the Plan Amendment is set forth in "Proposal No. 4 – Approval of Additional Shares under the 2020 Equity Incentive Plan" in the Company's definitive proxy statement filed with the Securities and Exchange Commission on November 10, 2025 (the "Proxy Statement"), which description and text are incorporated herein by reference.

The above description of the Plan Amendment does not purport to be complete and is qualified in its entirety by the full text of the Plan Amendment, set forth in Exhibit 10.1 and incorporated herein by reference.

**Item 5.07. Submission of Matters to a Vote of Security Holders.**

Present at the Annual Meeting in person or by proxy were holders of 77,173,014 shares of the Company's common stock, representing 91.0% of the voting power of the shares of the Company's common stock outstanding as of November 4, 2025, the record date for the Annual Meeting, and constituting a quorum for the transaction of business. The matters that were voted upon at the Annual Meeting, and the number of votes cast for, against or withheld, as well as the number of abstentions and broker non-votes as to each such matter, where applicable, are set forth below.

**Proposal 1: Election of Three Class III Directors to Serve Until the 2028 Annual Meeting of Stockholders:**

The Company's stockholders elected the Company's nominees for Class III directors to serve on the Company's board of directors until the Company's 2028 annual meeting of stockholders.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Votes For** | **Votes For** | **Votes<br> Withheld** | **Votes<br> Withheld** | **Broker<br> Non-Votes** | **Broker<br> Non-Votes** |
| Eric Benhamou |  | 41520832 |  | 30812944 |  | 4839238 |
| Patrick Nicolet |  | 69536832 |  | 2796944 |  | 4839238 |
| Weihang Wang |  | 62985417 |  | 9348359 |  | 4839238 |

---

**Proposal 2: Ratification of the Appointment of Grant Thornton LLP as the Company's Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2025:**

The Company's stockholders ratified the appointment of Grant Thornton LLP as the Company's independent registered accounting firm for the fiscal year ending December 31, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Votes For** | **Votes For** | **Votes Against** | **Votes Against** | **Abstentions** | **Abstentions** | **Broker Non-Votes** |
|  | 76268902 |  | 734221 |  | 169891 |  |

---

**Proposal 3: Advisory Approval of Named Executive Officer Compensation:**

The Company's stockholders approved, on an advisory basis, the compensation of the Company's named executive officers.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Votes For** | **Votes For** | **Votes Against** | **Votes Against** | **Abstentions** | **Abstentions** | **Broker Non-Votes** | **Broker Non-Votes** |
|  | 40985429 |  | 31195019 |  | 153328 |  | 4839238 |

---

**Proposal 4: Approval of Additional Shares under the 2020 Equity Incentive Plan:**

The Company's stockholders approved an amendment to the 2020 Equity Incentive Plan to increase the number of shares authorized for issuance under the 2020 Equity Incentive Plan by 3,500,000 shares.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Votes For** | **Votes For** | **Votes Against** | **Votes Against** | **Abstentions** | **Abstentions** | **Broker Non-Votes** | **Broker Non-Votes** |
|  | 49384373 |  | 22797606 |  | 151797 |  | 4839238 |

---

**Item 9.01 Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| [10.1](tm2534252d1_ex10-1.htm) | [Amendment to the Grid Dynamics Holdings, Inc. 2020 Equity Incentive Plan.](tm2534252d1_ex10-1.htm) |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL). |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 23, 2025

---

| | |
|:---|:---|
| **GRID DYNAMICS HOLDINGS, INC.** | **GRID DYNAMICS HOLDINGS, INC.** |
| By: | /s/ Anil Doradla |
| Name: | Anil Doradla |
| Title: | Chief Financial Officer |

---

## Exhibit 10.1

**Exhibit 10.1**

**AMENDMENT No. 1<br> TO THE<br> GRID DYNAMICS HOLDINGS, INC.<br> 2020 EQUITY INCENTIVE PLAN**

This Amendment No. 1 (this "<u>Amendment</u>") to the Grid Dynamics Holdings, Inc. 2020 Equity Incentive Plan (the "<u>Plan</u>") is made effective as of this 23rd day of December, 2025.

**WHEREAS**, Grid Dynamics Holdings, Inc. (the "<u>Company</u>") maintains the Plan;

**WHEREAS**, pursuant to Section 19 of the Plan, the Company's board of directors (the "<u>Board</u>") may amend the Plan; and

**WHEREAS**, the Board now desires to amend the Plan to increase the maximum number of Shares (as defined in the Plan) available for issuance in connection with the grant of Awards (as defined in the Plan) from 16,300,000 Shares to 19,800,000 Shares, and make certain other changes as further provided herein.

**NOW**, **THEREFORE**, the Plan is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **<u>Capitalized Terms</u>**. Capitalized terms that are not defined in this Amendment shall have the meanings ascribed thereto in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **<u>Amendments to the Plan</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Section 2(r) of the Plan is hereby amended and restated in its entirety to read as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) "<u>Exchange Program</u>" means a program that has been approved by the Company's stockholders under which (i) outstanding Awards are surrendered or cancelled in exchange for awards of the same type (which may have higher or lower exercise prices and different terms), awards of a different type, and/or cash, (ii) Participants would have the opportunity to transfer any outstanding Awards to a financial institution or other person or entity selected by the Administrator, and/or (iii) the exercise price of an outstanding Award is increased or reduced. The Administrator will determine the terms and conditions of any Exchange Program that is presented to the stockholders for their approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Section 3(a) of the Plan is hereby amended and restated in its entirety to read as follows:

"<u>Stock Subject to the Plan</u>. Subject to the provisions of Section 14 of the Plan, the maximum aggregate number of Shares that may be issued under the Plan is equal to 19,800,000 Shares. The Shares may be authorized, but unissued, or reacquired Common Stock."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **<u>Ratification and Confirmation</u>**. Except as specifically amended by this Amendment, the Plan is hereby ratified and confirmed in all respects and remains valid and in full force and effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **<u>Governing Law</u>**. This Amendment shall be governed by and construed in accordance with the laws of the State of California, without reference to the principles of conflicts of laws thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **<u>Headings</u>**. Section headings are for convenience only and shall not be considered a part of this Amendment.

\* \* \*