Arkadiy Dobkin - Mar 12, 2024 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role
CEO, President, Chairman, Director
Signature
/s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol
EPAM
Transactions as of
Mar 12, 2024
Transactions value $
-$7,155,823
Form type
4
Date filed
3/14/2024, 04:22 PM
Previous filing
Apr 4, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAM EPAM Common Stock Sale -$3.07M -10K -0.8% $307.41 1.24M Mar 12, 2024 Direct F1
transaction EPAM EPAM Common Stock Sale -$345K -1.14K -0.09% $304.26 1.24M Mar 13, 2024 Direct F2
transaction EPAM EPAM Common Stock Sale -$5.69M -18.9K -1.52% $301.79 1.22M Mar 14, 2024 Direct F3
transaction EPAM EPAM Common Stock Options Exercise $1.96M +61K +4.99% $32.08 1.28M Mar 14, 2024 Direct
holding EPAM EPAM Common Stock 436K Mar 12, 2024 See footnote F4

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) Options Exercise $0 -61K -76.25% $0.00 19K Mar 14, 2024 EPAM Common Stock 61K $32.08 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $305.00 to $309.33, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $304.00 to $308.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.02 to $302.82, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F4 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.
F5 The option, representing a right to purchase 80,000 shares, became exercisable as to 25% of the shares on each of March 31, 2015, 2016, 2017, and 2018.