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            <filer>
                <filerCredentials>
                    <cik>0001747063</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



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    <formData>
        <issuerInfo>
            <issuerCik>0001743725</issuerCik>
            <issuerName>GRID DYNAMICS HOLDINGS, INC.</issuerName>
            <secFileNumber>001-38685</secFileNumber>
            <issuerAddress>
                <ns2:street1>5000 Executive Parkway,</ns2:street1>
                <ns2:street2>Suite 520</ns2:street2>
                <ns2:city>San Ramon</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>94583</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(650) 523-5000</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>BGV OPPORTUNITY FUND, L.P.</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Director</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>50000</noOfUnitsSold>
            <aggregateMarketValue>861000.00</aggregateMarketValue>
            <noOfUnitsOutstanding>83838356</noOfUnitsOutstanding>
            <approxSaleDate>03/11/2025</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>05/15/2019</acquiredDate>
            <natureOfAcquisitionTransaction>Private Acquisition from Issuer/Affiliate</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>50000</amountOfSecuritiesAcquired>
            <paymentDate>05/15/2019</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>03/11/2025</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Eric Benhamou</signature>
        </noticeSignature>
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144
0001747063
XXXXXXXX
LIVE
0001743725
GRID DYNAMICS HOLDINGS, INC.
001-38685
5000 Executive Parkway,
Suite 520
San Ramon
CA
94583
(650) 523-5000
BGV OPPORTUNITY FUND, L.P.
Director
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
50000
861000.00
83838356
03/11/2025
NASDAQ
Common
05/15/2019
Private Acquisition from Issuer/Affiliate
Issuer
N
50000
05/15/2019
Cash
Y
03/11/2025
/s/ Eric Benhamou