Arkadiy Dobkin - Mar 25, 2022 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Signature
/s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol
EPAM
Transactions as of
Mar 25, 2022
Transactions value $
-$227,805
Form type
4
Date filed
3/29/2022, 05:53 PM
Previous filing
Mar 25, 2022
Next filing
Mar 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAM EPAM Common Stock Award $0 +8.12K +0.65% $0.00 1.26M Mar 25, 2022 Direct F1
transaction EPAM EPAM Common Stock Tax liability -$228K -854 -0.07% $266.75 1.26M Mar 27, 2022 Direct F2
holding EPAM EPAM Common Stock 436K Mar 25, 2022 See footnote F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EPAM Employee Stock Option (right to buy) Award $0 +19.3K $0.00 19.3K Mar 25, 2022 EPAM Common Stock 19.3K $266.75 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 15, 2023, 2024, 2025, and 2026.
F2 These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.
F3 These shares are held by the Arkadiy Dobkin GST Exempt Grantor Trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4 The option will become exercisable as to 25% of the shares on each of March 15, 2023, 2024, 2025, and 2026.