GDEV CEO Andrey Fadeev increases ownership stake to 37%

GDEV Inc. (NASDAQ: GDEV) announced that Chief Executive Officer and Chairman Andrey Fadeev purchased 2,730,384 ordinary shares from co-founder Boris Gertsovskiy in a private transaction.

Following the purchase, Fadeev owns 6,709,391 GDEV ordinary shares, representing 37.0% of the company's outstanding shares as of December 31, 2025. Gertsovskiy divested his entire remaining shareholding in the company.

The transaction was conducted by Fadeev in a personal capacity and was not connected to his executive role. GDEV was not a party to the transaction and did not act in concert with Fadeev regarding the purchase.

At the time of the transaction, Gertsovskiy did not hold any employment position, including as a director or officer, at GDEV Inc.

GDEV is a gaming and entertainment holding company focused on developing franchise portfolios across various genres and platforms. The company's subsidiaries include Nexters, Cubic Games, Royal Ark, Game Gears, and Light Hour Games.

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