Sergey Yezhkov - 20 May 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
Issuer symbol: EPAM
Transactions as of: 20 May 2021
Net transactions value: -$5,181,470
Form type: 4
Filing time: 24 May 2021, 16:02:37 UTC
Next filing: 17 Mar 2022
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	$940,243	+13,333	+143%	$70.52	22,659	20 May 2021	Direct
transaction	EPAM	EPAM Common Stock	Sale	$6,121,714	-13,333	-59%	$459.14	9,326	20 May 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	-13,333	-100%	$0.000000^*	0	20 May 2021	EPAM Common Stock	13,333	$70.52	Direct	F3

* 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 $452.95 to $473.81, 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, representing the right to purchase a total of 13,333 shares, became exercisable as to 25% of the shares on each of March 25, 2017, 2018, 2019, and 2020.