EPAM (EPAM) SVP & Chief People Officer reports RSU grant and tax withholding

Rhea-AI Filing Summary

EPAM Systems, Inc. senior vice president and Chief People Officer Lawrence F. Solomon reported routine equity compensation activity in EPAM Common Stock. He received a grant of 11,370 restricted stock units, with 25% scheduled to vest on each of March 15, 2027, 2028, 2029, and 2030.

On the same date, a total of 1,581 shares were disposed of at $137.14 per share through tax-withholding transactions, where shares were withheld by the company to satisfy tax obligations arising from RSU vesting, rather than sold in the open market. After these transactions, Solomon directly owns 18,864.091 shares of EPAM Common Stock.

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^*

Solomon Lawrence F

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chief People Officer

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		288(1)	D	$137.14	20,157.091	D
EPAM Common Stock	03/15/2026		F		314(1)	D	$137.14	19,843.091	D
EPAM Common Stock	03/15/2026		F		312(1)	D	$137.14	19,531.091	D
EPAM Common Stock	03/15/2026		F		667(1)	D	$137.14	18,864.091	D
EPAM Common Stock	03/15/2026		A		11,370(2)	A	$0	30,234.091	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) executive Lawrence F. Solomon report?

Lawrence F. Solomon reported receiving 11,370 restricted stock units of EPAM Common Stock and disposing of 1,581 shares through tax-withholding transactions on March 15, 2026. These events are related to equity compensation, not open-market trading.

How many EPAM (EPAM) shares were withheld for taxes in Solomon’s Form 4?

A total of 1,581 EPAM shares were withheld at $137.14 per share to satisfy tax withholding requirements from the vesting of restricted stock units. These are coded as F transactions, which reflect tax payments rather than discretionary market sales.

What are the vesting terms of Lawrence F. Solomon’s new EPAM (EPAM) restricted stock units?

The 11,370 restricted stock units granted to Lawrence F. Solomon are scheduled to vest in four equal installments. 25% of the shares vest on each of March 15, 2027, 2028, 2029, and 2030, subject to the conditions of EPAM’s Long Term Incentive Plan.

Did Lawrence F. Solomon sell EPAM (EPAM) shares on the open market in this Form 4?

The filing shows F-coded transactions, meaning 1,581 shares were withheld by EPAM to cover tax liabilities from RSU vesting. These are not open-market sales; they are share disposals used to satisfy tax obligations tied to compensation.

How many EPAM (EPAM) shares does Lawrence F. Solomon own after these transactions?

Following the reported RSU grant and related tax-withholding dispositions, Lawrence F. Solomon directly owns 18,864.091 shares of EPAM Common Stock. This figure reflects his updated direct holdings after all Form 4 transactions on March 15, 2026 were recorded.

What role does Lawrence F. Solomon hold at EPAM (EPAM) in this Form 4?

In this filing, Lawrence F. Solomon is identified as SVP & Chief People Officer of EPAM Systems, Inc. The reported transactions relate to his equity compensation under EPAM’s Long Term Incentive Plan, including restricted stock units and associated tax withholding.