EPAM Systems (NYSE: EPAM) amends Form 4 after 3,000-share option exercise

Rhea-AI Filing Summary

EPAM Systems, Inc. reported an amended insider transaction for an officer serving as SVP/Co-Head of Global Business. On 08/13/2018, the reporting person exercised an employee stock option to buy 3,000 shares of EPAM common stock at $70.52 per share, coded as transaction type “M.” After this transaction, the officer directly held 18,645.091 shares of EPAM common stock and 9,308 employee stock options. This amendment corrects the previously reported number of derivative securities beneficially owned following the original transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Shnayder Boris

(Last) (First) (Middle)

C/O EPAM SYSTEMS, INC.

41 UNIVERSITY DRIVE SUITE 202

(Street)

NEWTOWN PA 18940

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EPAM Systems, Inc. [ EPAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Co-Head of Global Business

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/13/2018

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
EPAM Common Stock	08/13/2018		M		3,000	A	$70.52	18,645.091	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$70.52	08/13/2018		M			3,000	07/31/2019	03/25/2026	EPAM Common Stock	3,000	$0	9,308(1)	D

Explanation of Responses:

1. The Form 4 filed on August 13, 2018 incorrectly reported the number of derivative securities beneficially owned by the Reporting Person following the transaction reported on that Form 4.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	12/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the amended Form 4 for EPAM (EPAM) report?

The amended Form 4 reports that an EPAM Systems officer corrected the number of derivative securities (stock options) beneficially owned after a prior option exercise originally reported on 08/13/2018.

Who is the reporting person in this EPAM (EPAM) insider filing?

The reporting person is an officer of EPAM Systems, Inc. with the title SVP/Co-Head of Global Business, filing individually on this Form 4/A.

What transaction did the EPAM officer complete on 08/13/2018?

On 08/13/2018, the officer exercised an employee stock option (transaction code M) to acquire 3,000 shares of EPAM common stock at an exercise price of $70.52 per share.

How many EPAM common shares does the officer hold after the reported transaction?

Following the reported transaction, the officer directly holds 18,645.091 shares of EPAM common stock, as shown in the non-derivative securities table.

How many EPAM stock options does the officer own after this amendment?

After the correction, the officer beneficially owns 9,308 employee stock options, each relating to EPAM common stock, according to the derivative securities table.

Why was this EPAM Form 4/A filed as an amendment?

The amendment explains that the original Form 4 filed on August 13, 2018 incorrectly reported the number of derivative securities beneficially owned by the reporting person after the transaction, and this filing corrects that figure.