Elaina Shekhter - 01 Dec 2023 Form 4 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
01 Dec 2023
Transactions value $
-$1,607,844
Form type
4
Filing time
04 Dec 2023, 16:20:15 UTC
Previous filing
04 Apr 2023
Next filing
09 Jan 2024
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 $64.9K +2.02K +29.74% $32.08* 8.82K 01 Dec 2023 Direct
transaction EPAM EPAM Common Stock Options Exercise $434K +6.15K +69.77% $70.52 15K 01 Dec 2023 Direct
transaction EPAM EPAM Common Stock Sale -$760K -3K -20.03% $253.35 12K 01 Dec 2023 Direct F1
transaction EPAM EPAM Common Stock Sale -$1.35M -5.18K -43.22% $260.17 6.8K 01 Dec 2023 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 -2.02K -100% $0.00* 0 01 Dec 2023 EPAM Common Stock 2.02K $32.08 Direct F3
transaction EPAM Employee Stock Option (right to buy) Options Exercise $0 -6.15K -100% $0.00* 0 01 Dec 2023 EPAM Common Stock 6.15K $70.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 $252.03 to $256.60, 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 $260.00 to $260.51, 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 each of March 31, 2015, 2016, 2017 and 2018.
F4 The option became exercisable as to 25% of the shares on each of March 25, 2017, 2018, 2019, and 2020.