Sergey Yezhkov - Mar 5, 2025 Form 4 Insider Report for EPAM Systems, Inc. (EPAM)

Role: SVP/Co-Head of Global Business
Signature: /s/ Kate Pytlewski as Attorney-in-Fact
Stock symbol: EPAM
Transactions as of: Mar 5, 2025
Transactions value $: -$2,478,420
Form type: 4
Date filed: 3/6/2025, 04:33 PM
Previous filing: Jan 7, 2025
Next filing: Mar 18, 2025
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	$1.1M	+18K	+129.04%	$61.38	31.9K	Mar 5, 2025	Direct
transaction	EPAM	EPAM Common Stock	Sale	-$3.58M	-18K	-56.34%	$199.07	13.9K	Mar 5, 2025	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	-18K	-100%	$0.00	0	Mar 5, 2025	EPAM Common Stock	18K	$61.38	Direct	F2

* 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 $199 to $199.43, 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, representing a right to purchase a total of 18,000 shares, became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018, and 2019.

Content

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199 to $199.43, 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.

The option, representing a right to purchase a total of 18,000 shares, became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018, and 2019.