Elaina Shekhter - 31 Dec 2022 Form 5 Insider Report for EPAM Systems, Inc. (EPAM)

Role: SVP, Chief Marketing Officer
Signature: /s/ Kate Pytlewski as Attorney-in-Fact
Issuer symbol: EPAM
Transactions as of: 31 Dec 2022
Transactions value $: $1,962
Form type: 5
Filing time: 23 Jan 2023, 15:35:46 UTC
Previous filing: 17 Aug 2022
Next filing: 17 Mar 2023
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	Award	$1.96K	+8	+0.17%	$245.23	4.85K	31 Oct 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The number of shares in column 4 also includes a de minimis adjustment of 0.253 shares due to the rounding of fractional shares.
F2	The reporting person is voluntarily reporting the acquisition of the Issuer's Common Stock pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period of May 1, 2022 through October 31, 2022 (the "Purchase Period"). This transaction is also exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at the lesser of (i) 85% of the fair market value of such shares of Common Stock on the first trading day of the Purchase Period and (ii) 85% of the fair market value of such shares of Common Stock on the last day of the Purchase Period.

Content

The number of shares in column 4 also includes a de minimis adjustment of 0.253 shares due to the rounding of fractional shares.

The reporting person is voluntarily reporting the acquisition of the Issuer's Common Stock pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period of May 1, 2022 through October 31, 2022 (the "Purchase Period"). This transaction is also exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at the lesser of (i) 85% of the fair market value of such shares of Common Stock on the first trading day of the Purchase Period and (ii) 85% of the fair market value of such shares of Common Stock on the last day of the Purchase Period.