GRID DYNAMICS HLDGS INC

Ticker: GDYN CUSIP: 39813G109 Class: Common Stock

ARCADIA INVESTMENT MANAGEMENT CORP/MI's Holding History (CIK: 0001016972)

Note: Option positions (PUT/CALL) are excluded.

Q1 2023

Shares 3,946 Value ($000) $45 Avg Close $11.74 Range $9.55 - $14.16

Q4 2022

Shares 1,708 Value ($000) $19 Avg Close $12.97 Range $10.13 - $20.12

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2023	3,946	$45	$11.74	$9.55 - $14.16
Q4 2022	1,708	$19	$12.97	$10.13 - $20.12