Arkadiy Dobkin - 21 Mar 2025 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role
CEO, President, Chairman, Director
Signature
/s/ Kate Pytlewski as Attorney-in-Fact
Issuer symbol
EPAM
Transactions as of
21 Mar 2025
Net transactions value
-$2,477,492
Form type
4
Filing time
24 Mar 2025, 16:04:07 UTC
Previous filing
18 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAM EPAM Common Stock Options Exercise $3,069,000 +50,000 +3.9% $61.38 1,344,278 21 Mar 2025 Direct F1
transaction EPAM EPAM Common Stock Tax liability $5,546,492 -31,640 -2.4% $175.30 1,312,638 21 Mar 2025 Direct
holding EPAM EPAM Common Stock 447,589 21 Mar 2025 See footnote F2

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 -50,000 -100% $0.000000 0 21 Mar 2025 EPAM Common Stock 50,000 $61.38 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option was automatically exercised on a net share settlement basis immediately before its expiration, in accordance with its terms. The Company delivered to the reporting person the number of shares underlying the stock option less the number of shares having a Fair Market Value on the date of such exercise equal to (i) the aggregate exercise price for the stock option and (ii) the amount necessary to satisfy any federal, state and local withholding taxes related to such exercise.
F2 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.
F3 The option became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.