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



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001743725</issuerCik>
            <issuerName>GRID DYNAMICS HOLDINGS INC</issuerName>
            <secFileNumber>001-38685</secFileNumber>
            <issuerAddress>
                <ns2:street1>5000 Executive Parkway, Suite 520</ns2:street1>
                <ns2:city>San Ramon</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>94583</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>6197366855</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>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>7800</noOfUnitsSold>
            <aggregateMarketValue>95232.54</aggregateMarketValue>
            <noOfUnitsOutstanding>75589953</noOfUnitsOutstanding>
            <approxSaleDate>11/15/2023</approxSaleDate>
            <securitiesExchangeName>NASD</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>03/05/2020</acquiredDate>
            <natureOfAcquisitionTransaction>Private Acquisition from Issuer/Affiliate</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>7800</amountOfSecuritiesAcquired>
            <paymentDate>05/15/2019</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>11/15/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Eric Benhamou</signature>
        </noticeSignature>
    </formData>
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144
0001747063
XXXXXXXX
LIVE
0001743725
GRID DYNAMICS HOLDINGS INC
001-38685
5000 Executive Parkway, Suite 520
San Ramon
CA
94583
6197366855
BGV OPPORTUNITY FUND, L.P.
Director
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Floor
New York
NY
10004
7800
95232.54
75589953
11/15/2023
NASD
Common
03/05/2020
Private Acquisition from Issuer/Affiliate
Issuer
N
7800
05/15/2019
Cash
Y
11/15/2023
/s/ Eric Benhamou