EPAM director granted 2,132 restricted stock units

Shan Helen L. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Shan Helen L. reported acquisition or exercise transactions in this Form 4 filing.

EPAM Systems, Inc. director Helen L. Shan received an equity award of 2,132 restricted stock units of EPAM Common Stock. The award was granted under the company’s Non-Employee Director Compensation Policy at a grant price of $0.00 per share.

These restricted stock units will vest on the first anniversary of the grant date, meaning she will receive the underlying shares after one year if service conditions are met. Following this grant, she directly owns 8,431 shares of EPAM Common Stock, reflecting her overall equity stake as a board member.

Insider Trade Summary

Grant/Award: 2,132 shares

Grant/Award 1 txn

Insider Shan Helen L.

Role Director

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

Holdings After Transaction: EPAM Common Stock — 8,431 shares (Direct)

Footnotes (1)

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.

Key Figures

RSU grant size: 2,132 restricted stock units Grant price: $0.00 per share Post-grant holdings: 8,431 shares +2 more

5 metrics

RSU grant size 2,132 restricted stock units Non-Employee Director Compensation Policy award

Grant price $0.00 per share Director equity award grant price

Post-grant holdings 8,431 shares Total EPAM Common Stock held directly after transaction

Vesting period One year from grant date Restricted stock units vest on first anniversary

Transaction code A (Grant, award, or other acquisition) Form 4 non-derivative transaction classification

Key Terms

restricted stock units, Non-Employee Director Compensation Policy, vest, Grant, award, or other acquisition

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

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

vest financial

"These restricted stock units will vest on the first anniversary of the grant date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition regulatory

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What insider transaction did EPAM (EPAM) report for Helen L. Shan?

EPAM reported that director Helen L. Shan received an award of 2,132 restricted stock units of EPAM Common Stock. The grant is part of the Non-Employee Director Compensation Policy and represents stock-based compensation rather than an open-market share purchase.

How many EPAM (EPAM) shares does Helen L. Shan hold after this grant?

After the grant, Helen L. Shan directly holds 8,431 shares of EPAM Common Stock. This total includes the newly awarded 2,132 restricted stock units, which will convert into shares upon vesting, and reflects her current reported equity position as a director.

What are the terms of the 2,132 restricted stock units granted by EPAM (EPAM)?

The 2,132 restricted stock units were granted at a price of $0.00 per share under EPAM’s Non-Employee Director Compensation Policy. According to the disclosure, these units will vest on the first anniversary of the grant date, subject to continued service on the board.

Is Helen L. Shan’s EPAM (EPAM) Form 4 transaction a stock purchase or sale?

The transaction is a grant of 2,132 restricted stock units, not an open-market stock purchase or sale. It is classified as an acquisition under a compensation plan, with no cash paid per share, reflecting routine equity-based director compensation rather than trading activity.

When will Helen L. Shan’s new EPAM (EPAM) restricted stock units vest?

The restricted stock units awarded to Helen L. Shan will vest on the first anniversary of the grant date. Once vested, each restricted stock unit is expected to convert into one share of EPAM Common Stock, increasing her freely owned shares, assuming continued board service.

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

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Accepted by SEC EDGAR 05/22/2026 - 09:17 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^*

Shan Helen L.

(Last) (First) (Middle)

C/O EPAM SYSTEMS, INC.

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	8,431	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. 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.

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)