EPAM CEO has 412 shares withheld for taxes

EPAM’s CEO had 412 shares withheld to cover taxes on RSU vesting, leaving him with 48,279.642 directly held shares.

Rhea-AI Filing Summary

EPAM Systems, Inc. (EPAM) reported that CEO, President and Director Balazs Fejes had 412 shares of EPAM common stock withheld on September 1, 2026 to satisfy tax withholding obligations arising from the vesting of previously granted restricted stock units under the company’s Long Term Incentive Plan. This tax-withholding disposition, at a price of $117.83 per share, left him holding 48,279.642 shares of EPAM common stock directly. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Tax Withholding: 412 shares

Tax Withholding 1 txn

Insider Fejes Balazs

Role CEO, President, Director

Type	Security	Shares	Price	Value
Tax Withholding	EPAM Common Stock F1	412	$117.83	$49K

Holdings After Transaction: EPAM Common Stock — 48,279.642 shares (Direct)

Footnotes (1)

1. F1. 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. This disposition is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(e), as shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the underlying award, which was approved in advance by the Issuer's Board of Directors.

Key Figures

Shares withheld for tax: 412 shares Price per share: $117.83 per share Post-transaction holdings: 48,279.642 shares +1 more

4 metrics

Shares withheld for tax 412 shares Shares of EPAM common stock withheld on September 1, 2026 for tax withholding

Price per share $117.83 per share Valuation used for the 412 shares withheld for tax on September 1, 2026

Post-transaction holdings 48,279.642 shares EPAM common shares directly held by Balazs Fejes after the transaction

Code F tax-withholding shares 412 shares Reported as payment of tax liability by withholding securities

Key Terms

restricted stock units, Long Term Incentive Plan, Section 16(b), Rule 16b-3(e)

4 terms

restricted stock units financial

"arising from the vesting of restricted stock units granted to the reporting person"

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.

Long Term Incentive Plan financial

"granted to the reporting person under the Issuer's Long Term Incentive Plan"

A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.

Section 16(b) regulatory

"This disposition is exempt from Section 16(b) of the Securities Exchange Act of 1934"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-3(e) regulatory

"pursuant to Rule 16b-3(e), as shares were withheld by the Issuer"

FAQ

What insider transaction did EPAM (EPAM) report for Balazs Fejes?

EPAM reported that Balazs Fejes had 412 shares of common stock withheld on September 1, 2026 to satisfy tax withholding obligations from the vesting of restricted stock units granted under the company’s Long Term Incentive Plan.

Was the EPAM (EPAM) insider transaction a market sale by the CEO?

No. The 412 shares were withheld by EPAM to cover tax withholding on vested restricted stock units. The footnote states the disposition was to satisfy tax obligations and is exempt from Section 16(b) under Rule 16b-3(e), not a discretionary market sale.

How many EPAM (EPAM) shares does Balazs Fejes hold after this transaction?

Following the tax-withholding disposition of 412 shares, Balazs Fejes directly holds 48,279.642 shares of EPAM common stock, as reported in the filing’s post-transaction holdings field.

What price per share was used for the EPAM (EPAM) tax-withholding shares?

The 412 shares withheld to satisfy tax obligations were valued at $117.83 per share, as reported in the transaction price per share field for the September 1, 2026 transaction.

Was the EPAM (EPAM) CEO’s September 1, 2026 transaction under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is marked false, and no footnote indicates a trading plan, so no Rule 10b5-1 plan is reported for this tax-withholding transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/03/2026 - 04:04 PM Accepted by SEC EDGAR 09/03/2026 - 04:04 PM Learn about SEC filing dates

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^*

Fejes Balazs

(Last) (First) (Middle)

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
X	Officer (give title below)		Other (specify below)
	CEO, President, Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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	09/01/2026		F		412(1)	D	$117.83	48,279.642	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. This disposition is exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3(e), as shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of the underlying award, which was approved in advance by the Issuer's Board of Directors.

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	09/03/2026
	** 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)