Viktar Dvorkin - Dec 9, 2021 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role
SVP/Head of Global Delivery
Signature
/s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol
EPAM
Transactions as of
Dec 9, 2021
Transactions value $
-$7,864,320
Form type
4
Date filed
12/13/2021, 03:37 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EPAM EPAM Common Stock Options Exercise $192K +6K +28.15% $32.08 27.3K Dec 9, 2021 Direct
transaction EPAM EPAM Common Stock Options Exercise $368K +6K +21.97% $61.38 33.3K Dec 9, 2021 Direct
transaction EPAM EPAM Common Stock Sale -$8.43M -12K -36.02% $702.09 21.3K Dec 9, 2021 Direct F1

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 -6K -100% $0.00* 0 Dec 9, 2021 EPAM Common Stock 6K $32.08 Direct F2
transaction EPAM Employee Stock Option (right to buy) Options Exercise $0 -6K -33.33% $0.00 12K Dec 9, 2021 EPAM Common Stock 6K $61.38 Direct F3
* 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 $700 to $705.58 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 option became exercisable as to 25% of the shares on each of March 31, 2015, 2016, 2017 and 2018.
F3 The option became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.