BlackRock Reports 11.9% Stake in EPAM Systems

BlackRock, Inc. reports beneficial ownership of 6,217,584 shares of EPAM Systems common stock, representing 11.9% of the class as of 06/30/2026.

Accepted by SEC EDGAR 07/08/2026 - 11:12 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock, Inc. reports beneficial ownership of 6,217,584 shares of EPAM Systems common stock, representing 11.9% of the class as of 06/30/2026. The filing shows sole voting power over 6,093,914 shares and sole dispositive power over 6,217,584. It aggregates holdings of Reporting Business Units and notes iShares Core S&P Small‑Cap ETF as a holder with interest greater than 5%.

Insights

Institutional Ownership Analyst

BlackRock reports an 11.9% stake in EPAM via consolidated business units.

The schedule amendment discloses 6,217,584 shares beneficially owned as of 06/30/2026, with sole voting power over 6,093,914 shares. This reflects holdings aggregated across Reporting Business Units rather than a single fund.

Cash‑flow treatment and trading intent are not specified in the excerpt; subsequent filings or fund disclosures may detail which BlackRock vehicles hold these shares.

Key Figures

Beneficial ownership: 6,217,584 shares Percent of class: 11.9% Sole voting power: 6,093,914 shares +2 more

5 metrics

Beneficial ownership 6,217,584 shares Amount beneficially owned as of 06/30/2026

Percent of class 11.9% Percent of common stock outstanding as reported

Sole voting power 6,093,914 shares Sole power to vote or to direct the vote

Sole dispositive power 6,217,584 shares Sole power to dispose or to direct the disposition

Identified >5% holder iShares Core S&P Small‑Cap ETF Named as holding more than 5% on behalf of another person

Key Terms

Schedule 13G/A, Beneficial ownership, Sole dispositive power, Reporting Business Units, +1 more

5 terms

Schedule 13G/A regulatory

"Amendment No. 6 ) EPAM SYSTEMS INC Common Stock"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 6217584 (b) | Percent of class: 11.9 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 6217584"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units financial

"aggregated across Reporting Business Units of BlackRock, Inc."

Investment Company Act regulatory

"investment company registered under the Investment Company Act of 1940"

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does BlackRock report in EPAM (EPAM)?

BlackRock reports beneficial ownership of 6,217,584 shares, equal to 11.9% of EPAM common stock as of 06/30/2026. The filing aggregates holdings of certain Reporting Business Units within BlackRock.

How many votes does BlackRock control in EPAM (EPAM)?

The filing shows BlackRock has sole voting power over 6,093,914 shares of EPAM common stock. Shared voting power is reported as 0 in the provided excerpt.

Does BlackRock report dispositive power for EPAM shares?

Yes. The schedule lists sole dispositive power over 6,217,584 shares of EPAM common stock and shared dispositive power as 0 as stated in the filing.

Is any other entity noted as a >5% holder of EPAM in the filing?

Yes. The filing identifies iShares Core S&P Small‑Cap ETF as having an interest in EPAM common stock that exceeds 5% of the total outstanding common stock.

What date does the Schedule 13G/A reflect for EPAM holdings?

The ownership figures in the amendment are shown with an effective date of 06/30/2026, and the schedule is signed on 07/08/2026 by a BlackRock Managing Director.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

EPAM SYSTEMS INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

29414B104

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 29414B104

1

Names of Reporting Persons

BlackRock, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,093,914.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,217,584.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,217,584.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

11.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: EPAM SYSTEMS INC
(b)	Address of issuer's principal executive offices: 41 UNIVERSITY DRIVE, SUITE 202 NEWTOWN PA 18940
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 29414B104
Item 4.	Ownership
(a)	Amount beneficially owned: 6217584
(b)	Percent of class: 11.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6093914
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6217584
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The interest of 1 such person, iShares Core S&P Small-Cap ETF, in the common stock of EPAM SYSTEMS INC is more than five percent of the total outstanding common stock.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/08/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7