GDEV said founder, CEO and board chair Andrey Fadeev bought 2,730,384 ordinary shares from co-founder and former director Boris Gertsovskiy in a private transaction. After the purchase, Fadeev beneficially owned 6,709,391 ordinary shares, representing 37% of shares outstanding as of Dec. 31, 2025. GDEV said Boris Gertsovskiy sold his remaining stake and held no employment position at the company at the time of the transaction. The company said it was not a party to the transaction.

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