Boris Shnayder - Jul 15, 2021 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role: SVP/Co-Head of Global Business
Signature: /s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol: EPAM
Transactions as of: Jul 15, 2021
Transactions value $: -$580,400
Form type: 4
Date filed: 7/19/2021, 04:27 PM
Previous filing: Jun 16, 2021
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EPAM	EPAM Common Stock	Options Exercise	$92.6K	+1.25K	+20.15%	$74.11	7.45K	Jul 15, 2021	Direct
transaction	EPAM	EPAM Common Stock	Sale	-$673K	-1.25K	-16.77%	$538.43	6.2K	Jul 15, 2021	Direct	F1, 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	-1.25K	-6.94%	$0.00	16.8K	Jul 15, 2021	EPAM Common Stock	1.25K	$74.11	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $535.05 to $544.77, 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.

Content

The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $535.05 to $544.77, 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.