EPAM director granted 2,132 restricted stock units

Segert Robert E. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Segert Robert E. reported acquisition or exercise transactions in this Form 4 filing.

EPAM Systems director Robert E. Segert received a grant of 2,132 restricted stock units of EPAM Common Stock as compensation. The award was made under the EPAM Systems, Inc. Non-Employee Director Compensation Policy at a grant price of $0.00 per unit.

According to the footnotes, these restricted stock units will vest on the first anniversary of the grant date. After this grant, Segert directly holds 9,126 shares of EPAM Common Stock, and an additional 11,355 shares are held indirectly by a trust.

Insider Trade Summary

Grant/Award: 2,132 shares

Grant/Award 2 txns

Insider Segert Robert E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	EPAM Common Stock	2,132	$0.00	$0.00
holding	EPAM Common Stock	--	--	--

Holdings After Transaction: EPAM Common Stock — 9,126 shares (Direct); EPAM Common Stock — 11,355 shares (Indirect, By Trust)

Footnotes (2)

1. F1. Represents restricted stock units awarded pursuant to the EPAM Systems, Inc. Non-Employee Director Compensation Policy. These restricted stock units will vest on the first anniversary of the grant date.
2. F2. Number of securities reported in Column 5 corrected to reflect shares of common stock reported as gifts in December 2023, 2024, and 2025 were made from the Reporting Person's Trust and not from the Reporting Person's direct holdings.

Key Figures

RSU grant size: 2,132 restricted stock units Grant price: $0.00 per unit Direct holdings after grant: 9,126 shares +1 more

4 metrics

RSU grant size 2,132 restricted stock units Grant of EPAM Common Stock to non-employee director

Grant price $0.00 per unit Restricted stock unit grant under director compensation policy

Direct holdings after grant 9,126 shares EPAM Common Stock directly held by Robert E. Segert

Indirect trust holdings 11,355 shares EPAM Common Stock held indirectly by trust associated with Segert

Key Terms

restricted stock units, Non-Employee Director Compensation Policy, indirect, Trust

4 terms

restricted stock units financial

"Represents restricted stock units awarded pursuant to the EPAM Systems, Inc. Non-Employee Director Compensation Policy."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Non-Employee Director Compensation Policy financial

"Restricted stock units awarded pursuant to the EPAM Systems, Inc. Non-Employee Director Compensation Policy."

indirect financial

"Number of securities ... were made from the Reporting Person's Trust and not from the Reporting Person's direct holdings."

Trust financial

"Shares of common stock reported as gifts ... were made from the Reporting Person's Trust."

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

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

What insider transaction did EPAM (EPAM) director Robert E. Segert report?

Robert E. Segert reported receiving a grant of 2,132 restricted stock units of EPAM Common Stock as compensation. The award was made at a grant price of $0.00 per unit under EPAM’s Non-Employee Director Compensation Policy and vests after one year.

How many EPAM (EPAM) shares does Robert E. Segert hold after this Form 4?

After this grant, Robert E. Segert directly holds 9,126 shares of EPAM Common Stock. In addition, a trust associated with him holds 11,355 shares indirectly, reflecting prior corrections for shares previously reported as gifts from his direct holdings.

What are the vesting terms of Robert E. Segert’s new EPAM restricted stock units?

The 2,132 restricted stock units granted to Robert E. Segert will vest on the first anniversary of the grant date. This means he must remain eligible for one year before the units convert into EPAM Common Stock, consistent with the company’s non-employee director policy.

Why were EPAM (EPAM) share counts corrected for Robert E. Segert’s prior gifts?

The filing corrects earlier reports by clarifying that certain gifts made in December 2023, 2024, and 2025 came from Segert’s trust, not his direct holdings. As a result, the number of securities shown in the post-transaction ownership column has been updated to reflect trust ownership.

Is Robert E. Segert’s EPAM Form 4 a market purchase or a compensation grant?

This Form 4 reflects a compensation-related grant, not a market purchase. Segert received 2,132 restricted stock units of EPAM Common Stock at a grant price of $0.00 under the Non-Employee Director Compensation Policy, which will vest after one year of service.

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

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Accepted by SEC EDGAR 05/22/2026 - 09:15 AM Learn about SEC filing dates

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^*

Segert Robert E.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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	05/21/2026		A		2,132(1)	A	$0	9,126(2)	D
EPAM Common Stock								11,355(2)	I	By Trust

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. Represents restricted stock units awarded pursuant to the EPAM Systems, Inc. Non-Employee Director Compensation Policy. These restricted stock units will vest on the first anniversary of the grant date.

2. Number of securities reported in Column 5 corrected to reflect shares of common stock reported as gifts in December 2023, 2024, and 2025 were made from the Reporting Person's Trust and not from the Reporting Person's direct holdings.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	05/22/2026
	** 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)