EPAM Systems (EPAM) CEO Balazs Fejes gets 26,238-share award, 2,487 withheld

Rhea-AI Filing Summary

EPAM Systems, Inc. director and CEO Balazs Fejes reported compensation-related stock activity. He received a grant of 26,238 shares of EPAM Common Stock at no purchase price as a stock award. To cover taxes from vesting of restricted stock units, 2,487 shares were withheld by the company at $137.14 per share, recorded as four separate tax-withholding dispositions. After these transactions, Fejes directly holds 48,614.091 EPAM shares. The new restricted stock units from this grant are scheduled to vest in four equal 25% installments on March 15 of 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^*

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)
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		406(1)	D	$137.14	24,457.091	D
EPAM Common Stock	03/15/2026		F		505(1)	D	$137.14	23,952.091	D
EPAM Common Stock	03/15/2026		F		502(1)	D	$137.14	23,450.091	D
EPAM Common Stock	03/15/2026		F		1,074(1)	D	$137.14	22,376.091	D
EPAM Common Stock	03/15/2026		A		26,238(2)	A	$0	48,614.091	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.
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FAQ

What insider transactions did EPAM (EPAM) report for CEO Balazs Fejes?

EPAM reported a stock grant and tax-related share withholdings for CEO Balazs Fejes. He received 26,238 shares as a stock award, and 2,487 shares were withheld by the company at $137.14 per share to satisfy tax obligations from restricted stock unit vesting.

How many EPAM (EPAM) shares were granted to CEO Balazs Fejes in this Form 4?

Balazs Fejes was granted 26,238 EPAM Common Stock shares as a compensation award at a price of $0.00 per share. This grant increased his direct holdings to 48,614.091 shares after accounting for the separate tax-withholding share dispositions reported the same day.

Why were EPAM (EPAM) shares disposed of in Balazs Fejes’ Form 4 filing?

The share dispositions were for tax withholding only. EPAM withheld 2,487 shares at $137.14 per share to satisfy tax obligations arising from vesting of restricted stock units, rather than representing open-market sales by CEO Balazs Fejes.

What is Balazs Fejes’ EPAM (EPAM) share ownership after these transactions?

After the reported transactions, Balazs Fejes directly holds 48,614.091 EPAM shares. This reflects the 26,238-share stock award grant, net of 2,487 shares withheld by the company for tax obligations linked to restricted stock unit vesting.

How will Balazs Fejes’ new EPAM (EPAM) restricted stock units vest over time?

The newly reported restricted stock units vest in four annual installments. They are scheduled to vest 25% on each of March 15, 2027, March 15, 2028, March 15, 2029, and March 15, 2030, subject to the terms of EPAM’s Long Term Incentive Plan.

Were any of Balazs Fejes’ EPAM (EPAM) transactions open-market buys or sells?

No open-market purchases or sales were reported. The Form 4 shows one grant or award of 26,238 shares and four “F” code transactions totaling 2,487 shares, all classified as tax-withholding dispositions to cover tax liabilities on restricted stock unit vesting.