[Form 4] EPAM Systems, Inc. Insider Trading Activity

Rhea-AI Filing Summary

EPAM Systems Executive Chairman Arkadiy Dobkin reported compensation-related stock activity. On March 15, 2026, he received a grant of 15,743 shares of EPAM common stock at no cost as part of the company’s long-term incentive program.

On the same date, a total of 5,560 shares were disposed of at $137.14 per share, but only to satisfy tax withholding obligations from the vesting of previously granted restricted stock units, not as open-market sales. Following these transactions, Dobkin directly owns 1,322,821 EPAM shares. The new restricted stock units are scheduled to vest 25% each on March 15, 2027, 2028, 2029, and 2030.

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^*

Dobkin Arkadiy

(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)

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

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		883(1)	D	$137.14	1,311,755	D
EPAM Common Stock	03/15/2026		F		1,135(1)	D	$137.14	1,310,620	D
EPAM Common Stock	03/15/2026		F		1,129(1)	D	$137.14	1,309,491	D
EPAM Common Stock	03/15/2026		F		2,413(1)	D	$137.14	1,307,078	D
EPAM Common Stock	03/15/2026		A		15,743(2)	A	$0	1,322,821	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).
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 insider transactions did EPAM (EPAM) Executive Chairman Arkadiy Dobkin report?

Arkadiy Dobkin reported a grant of 15,743 EPAM common shares and dispositions of 5,560 shares for tax withholding. All activity occurred on March 15, 2026 and was tied to equity compensation, not open-market buying or selling.

Were the EPAM (EPAM) share dispositions by Arkadiy Dobkin open-market sales?

No, the 5,560 EPAM shares disposed of were withheld by the issuer to cover tax obligations from restricted stock unit vesting. This tax-withholding mechanism is not an open-market sale and does not reflect discretionary trading decisions.

How many EPAM (EPAM) shares does Arkadiy Dobkin hold after the latest Form 4?

After the reported grant and tax-withholding transactions, Arkadiy Dobkin directly owns 1,322,821 EPAM common shares. This figure reflects his updated post-transaction holdings as disclosed in the Form 4 filing for March 15, 2026.

What equity award did EPAM (EPAM) grant to Executive Chairman Arkadiy Dobkin?

EPAM granted Arkadiy Dobkin 15,743 shares of common stock at a price of $0.00 per share as a compensation award. The grant was made under the company’s Long Term Incentive Plan and is structured as restricted stock units.

When will Arkadiy Dobkin’s new EPAM (EPAM) restricted stock units vest?

The new restricted stock units are scheduled to vest in four equal installments. Twenty-five percent of the shares will vest on each of March 15, 2027, March 15, 2028, March 15, 2029, and March 15, 2030, subject to the award’s terms.