EPAM Systems (EPAM) director awarded 2,132 restricted stock units in equity grant

Rhea-AI Filing Summary

Smart Jill reported acquisition or exercise transactions in this Form 4 filing.

EPAM Systems director Jill Smart reported receiving a grant of 2,132 restricted stock units of EPAM Common Stock at no cash cost. These units were awarded under the company’s Non-Employee Director Compensation Policy and will vest on the first anniversary of the grant date. Following this award, she holds 11,456 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smart Jill

Role null

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

Holdings After Transaction: EPAM Common Stock — 11,456 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 2,132 shares Grant price: $0.00 per share Shares owned after grant: 11,456 shares +1 more

4 metrics

RSU grant size 2,132 shares Restricted stock units awarded to director

Grant price $0.00 per share Equity compensation, not open-market purchase

Shares owned after grant 11,456 shares Total direct holdings after transaction

Vesting schedule First anniversary of grant date RSU vesting timing

Key Terms

restricted stock units, Non-Employee Director Compensation Policy, vest, beneficial ownership

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.

beneficial ownership financial

"After the award of 2,132 restricted stock units, Jill Smart reports beneficial ownership of 11,456 shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Smart Jill

(Last) (First) (Middle)

C/O EPAM SYSTEMS, INC.

41 UNIVERSITY DRIVE

(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	11,456	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)

FAQ

What insider transaction did EPAM (EPAM) director Jill Smart report?

Jill Smart reported receiving 2,132 restricted stock units of EPAM Common Stock. The award is a form of equity compensation and did not involve a cash purchase, reflecting standard non-employee director compensation.

At what price were Jill Smart’s new EPAM (EPAM) restricted stock units granted?

The 2,132 restricted stock units were granted at a reported price of $0.00 per share. This reflects a compensatory equity award, not an open-market purchase, consistent with typical non-employee director compensation programs.

When will Jill Smart’s new EPAM (EPAM) restricted stock units vest?

These restricted stock units will vest on the first anniversary of the grant date. Vesting means she will fully earn the shares over time, aligning director compensation with longer-term company performance and continued board service.

How many EPAM (EPAM) shares does Jill Smart hold after this Form 4 transaction?

After the award of 2,132 restricted stock units, Jill Smart reports beneficial ownership of 11,456 shares of EPAM Common Stock. This figure reflects her direct holdings as disclosed in the Form 4 filing following the transaction.

Is Jill Smart’s EPAM (EPAM) transaction an open-market buy or a compensation grant?

The filing describes the transaction as a grant or award acquisition, not an open-market purchase. It represents restricted stock units issued under EPAM’s Non-Employee Director Compensation Policy as part of standard equity-based director pay.