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

Rhea-AI Filing Summary

EPAM Systems (EPAM) CEO, President, and Director reported routine open-market acquisitions under the company’s Employee Stock Purchase Plan. On 04/30/2025, 56.234 shares were acquired at $133.37, bringing beneficial ownership to 24,808.234 shares, held directly. On 10/31/2025, 55.683 shares were acquired at $134.69, increasing beneficial ownership to 24,863.091 shares, also direct.

The ESPP purchase price is the lesser of 85% of the fair market value on the first or last day of the six‑month purchase period. The filing notes a deduction of 0.826 shares to reflect cumulative de minimis rounding adjustments from prior ESPP acquisitions.

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
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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^*

Fejes Balazs

(Last) (First) (Middle)

41 UNIVERSITY DRIVE

(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)
	CEO, President, Director

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2025

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	04/30/2025		P	V	56.234(1)	A	$133.37	24,808.234	D
EPAM Common Stock	10/31/2025		P	V	55.683(1)	A	$134.69	24,863.091(2)	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. The reporting person is voluntarily reporting the acquisition of the Issuer's Common Stock pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period that is the six months ending on the Transaction Date (the "Purchase Period"). This transaction is also exempt from Rule 16b-3(c). In accordance with the ESPP, these shares were purchased at the lesser of (i) 85% of the fair market value of such shares of Common Stock on the first trading day of the Purchase Period and (ii) 85% of the fair market value of such shares of Common Stock on the last day of the Purchase Period.

2. Includes a deduction of 0.826 shares to reflect the cumulative impact of de minimis rounding adjustments of fractional shares as reported in a prior Form 4 and prior Forms 5 filed for the reporting person related to acquisition of Common Stock under the ESPP.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	11/10/2025
	** 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 did EPAM (EPAM) disclose in this Form 4?

The CEO, President, and Director reported ESPP purchases of 56.234 shares on 04/30/2025 at $133.37 and 55.683 shares on 10/31/2025 at $134.69.

How many EPAM shares does the insider own after the latest transaction?

Beneficial ownership was 24,863.091 shares directly after the 10/31/2025 acquisition.

What pricing formula applies to EPAM’s ESPP purchases?

Shares are purchased at the lesser of 85% of fair market value on the first trading day or the last day of the six‑month purchase period.

Were these transactions exempt under Rule 16b-3?

Yes. The filing states the transactions are exempt from Rule 16b-3(c).

What was the insider’s beneficial ownership after the 04/30/2025 purchase?

Ownership stood at 24,808.234 shares directly after the 04/30/2025 transaction.

What adjustment to share totals does the filing mention?

A deduction of 0.826 shares reflects cumulative de minimis rounding adjustments related to prior ESPP acquisitions.