EPAM (NYSE: EPAM) CFO granted 16,618 RSUs with tax shares withheld

Rhea-AI Filing Summary

EPAM Systems’ Chief Financial Officer Jason D. Peterson reported equity compensation and related tax withholding transactions in EPAM Common Stock. On March 15, 2026, he received a grant of 16,618 restricted stock units at a stated price of $0.00 per share. These RSUs are scheduled to vest in four equal 25% installments on March 15, 2027, 2028, 2029, and 2030.

On the same date, a total of 3,742 shares were disposed of in multiple transactions coded "F" at $137.14 per share. Footnotes explain these shares were withheld by the issuer to satisfy tax withholding requirements arising from RSU vesting, rather than open-market sales. After these transactions, Peterson directly owns 27,689.091 shares of EPAM Common Stock.

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^*

Peterson Jason D.

(Last) (First) (Middle)

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)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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	03/15/2026		F		442(1)	D	$137.14	30,989.091	D
EPAM Common Stock	03/15/2026		F		1,037(1)	D	$137.14	29,952.091	D
EPAM Common Stock	03/15/2026		F		549(1)	D	$137.14	29,403.091	D
EPAM Common Stock	03/15/2026		F		546(1)	D	$137.14	28,857.091	D
EPAM Common Stock	03/15/2026		F		1,168(1)	D	$137.14	27,689.091	D
EPAM Common Stock	03/15/2026		A		16,618(2)	A	$0	44,307.091	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

Explanation of Responses:

1. These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.

2. Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 15, 2027, 2028, 2029, and 2030.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	03/17/2026
	** 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).
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FAQ

What insider transactions did EPAM (EPAM) CFO Jason Peterson report?

CFO Jason Peterson reported a grant of 16,618 restricted stock units and related tax-withholding dispositions totaling 3,742 shares of EPAM Common Stock on March 15, 2026. These are compensation and tax events, not open-market trading.

Were Jason Peterson’s EPAM (EPAM) share disposals open-market sales?

No. The filing shows 3,742 shares disposed under code "F" at $137.14 per share. Footnotes state the shares were withheld by the issuer to satisfy tax withholding obligations from RSU vesting, rather than sold on the open market.

How many EPAM (EPAM) shares does the CFO hold after these transactions?

After the reported Form 4 transactions, CFO Jason Peterson directly owns 27,689.091 shares of EPAM Common Stock. This figure reflects the new RSU-related share issuances and the shares withheld for taxes on March 15, 2026.

What are the vesting terms of Jason Peterson’s new EPAM (EPAM) restricted stock units?

The 16,618 restricted stock units granted to Jason Peterson are scheduled to vest in four equal installments. Footnotes state 25% of the shares vest on each of March 15, 2027, 2028, 2029, and 2030, subject to the plan's conditions.

What does transaction code "F" mean in the EPAM (EPAM) CFO’s Form 4?

Transaction code "F" indicates a tax-withholding disposition. In this Form 4, multiple F-coded entries show shares withheld by EPAM Systems to cover tax liabilities arising from RSU vesting, at a reported price of $137.14 per share.

Is the EPAM (EPAM) CFO’s Form 4 mainly a compensation event?

Yes. The Form 4 centers on a grant of 16,618 restricted stock units and related 3,742 shares withheld for taxes. These transactions reflect equity compensation and associated tax obligations, rather than discretionary open-market buying or selling activity.