EPAM CFO buys shares via employee stock plan

EPAM Systems, Inc. Chief Financial Officer Jason D. Peterson acquired EPAM Common Stock through the company’s 2021 Employee Stock Purchase Plan.

Accepted by SEC EDGAR 05/04/2026 - 04:14 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

EPAM Systems, Inc. Chief Financial Officer Jason D. Peterson acquired EPAM Common Stock through the company’s 2021 Employee Stock Purchase Plan. He purchased 77.551 shares at $96.71 per share for the ESPP purchase period of November 1, 2025 through April 30, 2026. Following this plan purchase, he directly holds 44,384.642 shares of EPAM Common Stock.

Insider Trade Summary

Net Buyer: 77.551 shares

Net Buy 1 txn

Insider Peterson Jason D.

Role Chief Financial Officer

Bought 77.551 shs ($7K)

Increase in Position 0.18%

Type	Security	Shares	Price	Value
Purchase	EPAM Common Stock	77.551	$96.71	$7K

Holdings After Transaction: EPAM Common Stock — 44,384.642 shares (Direct)

Holdings Before and After: EPAM Common Stock, 44,307.091 to 44,384.642 shares (Direct)

Other Insiders: 5 other insiders reported open-market purchases of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. 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 November 1, 2025 through April 30, 2026 (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.

Key Figures

Shares purchased: 77.551 shares Purchase price: $96.71 per share Post-transaction holdings: 44,384.642 shares +1 more

4 metrics

Shares purchased 77.551 shares ESPP purchase period Nov 1 2025–Apr 30 2026

Purchase price $96.71 per share ESPP acquisition price

Post-transaction holdings 44,384.642 shares Direct ownership after ESPP purchase

ESPP discount rate 85% of fair market value Applied to first or last day of purchase period, whichever is lower

Key Terms

2021 Employee Stock Purchase Plan, Rule 16b-3(c), Purchase Period

3 terms

2021 Employee Stock Purchase Plan financial

"acquisition of the Issuer's Common Stock pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan"

Rule 16b-3(c) regulatory

"This transaction is also exempt from Rule 16b-3(c)."

An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.

Purchase Period financial

"for the ESPP purchase period of November 1, 2025 through April 30, 2026 (the "Purchase Period")."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did EPAM (EPAM) CFO Jason D. Peterson report on this Form 4?

Jason D. Peterson reported buying 77.551 shares of EPAM Common Stock at $96.71 per share. The acquisition occurred under the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan for the purchase period from November 1, 2025 to April 30, 2026.

How many EPAM (EPAM) shares does the CFO hold after this reported transaction?

After the reported ESPP purchase, Jason D. Peterson directly holds 44,384.642 shares of EPAM Common Stock. This figure reflects his updated ownership position immediately following the acquisition of 77.551 shares recorded in the Form 4 filing.

Was the EPAM (EPAM) CFO’s share acquisition an open-market trade or through a plan?

The acquisition was made through EPAM’s 2021 Employee Stock Purchase Plan, not a discretionary market trade. Shares for the period were purchased at a plan-defined discount to the lower of the fair market value at the period’s start or end.

What discount mechanism applies to EPAM (EPAM) shares under the 2021 Employee Stock Purchase Plan?

Under the 2021 Employee Stock Purchase Plan, shares are bought at 85% of the fair market value on the first trading day of the purchase period or 85% of the fair market value on the last day, whichever is lower, for eligible participants.

Is the EPAM (EPAM) CFO’s ESPP acquisition exempt from Rule 16b-3(c)?

Yes, the filing notes this ESPP transaction is exempt from Rule 16b-3(c). The report is voluntary and reflects shares acquired under the employee stock purchase plan’s terms for the specified November 2025 to April 2026 purchase period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Peterson Jason D.

(Last) (First) (Middle)

41 UNIVERSITY DRIVE SUITE 202

(Street)

NEWTOWN PENNSYLVANIA 18940

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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

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

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

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	04/30/2026		P	V	77.551(1)	A	$96.71	44,384.642	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

Explanation of Responses:

1. 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 November 1, 2025 through April 30, 2026 (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.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	05/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)