EPAM officer reports ESPP purchases; direct holdings updated

Rhea-AI Filing Summary

EPAM Systems (EPAM) reported insider share purchases by an officer (SVP/Co-Head of Global Business) under the company’s Employee Stock Purchase Plan. On 04/30/2025, the officer acquired 56.234 shares of EPAM common stock at $133.37. On 10/31/2025, the officer acquired 55.683 shares at $134.69. Both transactions are listed as Direct ownership.

Following these purchases, the officer’s beneficial ownership was 15,590.234 shares after the April transaction and 15,645.091 shares after the October transaction. The filing notes the ESPP purchase price is set at 85% of the fair market value on the first or last day of the six‑month purchase period, whichever is lower, and reflects a small cumulative rounding adjustment of 0.826 shares.

Insider Trade Summary

Net Buyer: 111.917 shares ($15,000)

Net Buy 2 txns

Insider Shnayder Boris

Role SVP/Co-Head of Global Business

Bought 111.917 shs ($15K)

Type	Security	Shares	Price	Value
Purchase	EPAM Common Stock	55.683	$134.69	$7K
Purchase	EPAM Common Stock	56.234	$133.37	$7K

Holdings After Transaction: EPAM Common Stock — 15,645.091 shares (Direct)

Footnotes (1)

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. 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.

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^*

Shnayder Boris

(Last) (First) (Middle)

C/O EPAM SYSTEMS, INC.

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP/Co-Head of Global Business

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	15,590.234	D
EPAM Common Stock	10/31/2025		P	V	55.683(1)	A	$134.69	15,645.091(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?

An officer reported buying EPAM common stock via the Employee Stock Purchase Plan, with two purchases recorded and direct ownership updated.

How many EPAM shares were bought and at what prices?

56.234 shares at $133.37 on 04/30/2025 and 55.683 shares at $134.69 on 10/31/2025.

What was the officer’s role at EPAM?

The reporting person is an officer: SVP/Co-Head of Global Business.

What were the beneficial ownership totals after each transaction?

15,590.234 shares after 04/30/2025 and 15,645.091 shares after 10/31/2025.

Were the purchases under an ESPP and how is pricing determined?

Yes. The ESPP price equals 85% of the fair market value on the first or last day of the six-month period, whichever is lower.

What ownership form was reported for these shares?

The filing lists the shares as Direct ownership.

Were there any adjustments noted?

Yes. A cumulative deduction of 0.826 shares was recorded for prior fractional rounding adjustments under the ESPP.