Boris Shnayder - Mar 25, 2022 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: Mar 25, 2022
Transactions value $: -$31,477
Form type: 4
Date filed: 3/29/2022, 06:38 PM
Previous filing: Mar 17, 2022
Next filing: May 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EPAM	EPAM Common Stock	Award	$0	+1.06K	+17.25%	$0.00	7.18K	Mar 25, 2022	Direct	F1
transaction	EPAM	EPAM Common Stock	Tax liability	-$31.5K	-118	-1.64%	$266.75	7.06K	Mar 27, 2022	Direct	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)	Award	$0	+2.51K		$0.00	2.51K	Mar 25, 2022	EPAM Common Stock	2.51K	$266.75	Direct	F3

* 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	The option will become exercisable as to 25% of the shares on each of March 15, 2023, 2024, 2025, and 2026.