Jason D. Peterson - Aug 9, 2022 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role
Chief Financial Officer
Signature
/s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol
EPAM
Transactions as of
Aug 9, 2022
Transactions value $
-$490,492
Form type
4
Date filed
8/11/2022, 04:27 PM
Previous filing
May 24, 2022
Next filing
Aug 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAM EPAM Common Stock Options Exercise $131K +1.16K +9.88% $112.62 12.9K Aug 9, 2022 Direct
transaction EPAM EPAM Common Stock Options Exercise $84.6K +500 +3.87% $169.13 13.4K Aug 9, 2022 Direct
transaction EPAM EPAM Common Stock Sale -$496K -1.16K -8.66% $427.14 12.3K Aug 9, 2022 Direct F1
transaction EPAM EPAM Common Stock Sale -$210K -500 -4.08% $419.17 11.8K Aug 9, 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) Options Exercise $0 -1.16K -100% $0.00* 0 Aug 9, 2022 EPAM Common Stock 1.16K $112.62 Direct F3
transaction EPAM Employee Stock Option (right to buy) Options Exercise $0 -500 -8.44% $0.00 5.43K Aug 9, 2022 EPAM Common Stock 500 $169.13 Direct F4
* 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 $427 to $427.35, 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 $419.02 to $419.41, 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 option became exercisable as to 25% of the shares on March 23, 2019, 2020. 2021, and 2022.
F4 The option became exercisable as to 25% of the shares on March 29, 2020, 2021, and 2022, and will become exercisable as to 25% of the shares on March 29, 2023.