EPAM Systems (NYSE: EPAM) officer reports 5,000-share sale, option exercise

Rhea-AI Filing Summary

EPAM Systems, Inc. reported an insider transaction by an officer serving as SVP/Co-Head of Global Business. On 12/10/2025, the officer exercised 5,000 employee stock options for EPAM common stock at an exercise price of $70.52 per share, converting them into common shares.

That same day, the officer sold 5,000 EPAM common shares at a price of $207 per share. After these transactions, the officer directly beneficially owns 15,645.091 EPAM common shares and holds 4,308 employee stock options that remain outstanding.

Insider Trade Summary

Exercise and Sale: 5,000 shares ($682K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Shnayder Boris

Role SVP/Co-Head of Global Business

Sold 5,000 shs ($1.03M)

Approx. gross sale proceeds $1.03M

Approx. exercise cost $353K

Approx. pre-tax spread $682K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	5,000	$0.00	$0.00
Exercise	EPAM Common Stock	5,000	$70.52	$353K
Sale	EPAM Common Stock	5,000	$207.00	$1.03M

Holdings After Transaction: Employee Stock Option (right to buy) — 4,308 shares (Direct); EPAM Common Stock — 15,645.091 shares (Direct)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/11/2025 - 04:52 PM Learn about SEC filing dates

FAQ

What insider transaction did EPAM (EPAM) report in this Form 4?

An EPAM Systems officer reported exercising 5,000 employee stock options for EPAM common stock at $70.52 per share and selling 5,000 common shares at $207 per share on 12/10/2025.

How many EPAM (EPAM) shares does the reporting person own after the transaction?

Following the reported trades, the officer directly beneficially owns 15,645.091 shares of EPAM common stock.

What was the exercise price of the EPAM (EPAM) employee stock options?

The reported employee stock options had an exercise price of $70.52 per share for EPAM common stock.

How many EPAM (EPAM) employee stock options remain held by the insider?

After the exercise of 5,000 options, the officer continues to hold 4,308 employee stock options relating to EPAM common stock.

What sale price was reported for the EPAM (EPAM) common shares sold?

The Form 4 shows a sale of 5,000 EPAM common shares at a price of $207 per share on 12/10/2025.

What is the role of the reporting person at EPAM (EPAM)?

The reporting person is an officer of EPAM Systems with the title SVP/Co-Head of Global Business.

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)
12/10/2025

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	12/10/2025		M		5,000	A	$70.52	20,645.091	D
EPAM Common Stock	12/10/2025		S		5,000	D	$207	15,645.091	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
Employee Stock Option (right to buy)	$70.52	12/10/2025		M			5,000	07/31/2019	03/25/2026	EPAM Common Stock	5,000	$0	4,308	D

Explanation of Responses:

Remarks:

	/s/ Kate Pytlewski as Attorney-in-Fact	12/10/2025
	** 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.