Invesco Ltd. reports beneficial ownership of 4,378,904 shares of EPAM Systems Inc, representing 8.3% of the class as stated in an amended Schedule 13G/A. The filing lists voting and dispositive powers and identifies investment-adviser subsidiaries associated with the position.
The report shows sole voting power for 4,223,944 shares and sole dispositive power for 4,378,904 shares. Several Invesco subsidiaries are named as the relevant acquiring/holding entities. The filing is signed by the Global Head of Compliance on 05/06/2026.
Positive
None.
Negative
None.
Insights
Large passive/asset-manager position disclosed with control details.
The amendment clarifies that Invesco Ltd., acting as a parent holding company for its advisers, beneficially owns 4,378,904 shares (8.3%). The schedule specifies the division of voting and dispositive powers and lists affiliated adviser subsidiaries.
This is a standard institutional disclosure; impact depends on future trading by clients. Subsequent filings would show any material changes.
Filing documents ownership and attribution across subsidiaries for compliance.
The form identifies Invesco Advisers, Inc., Invesco Asset Management Limited, Invesco Asset Management Singapore Ltd., Invesco Investment Advisers LLC, and Invesco Capital Management LLC as relevant subsidiaries. The signature by Global Head of Compliance completes the amendment.
Disclosure aligns with Schedule 13G/A practice for passive or institutional holders; no transaction details are reported here.
Key Figures
Beneficially owned shares:4,378,904 sharesPercent of class:8.3%Sole voting power:4,223,944 shares+3 more
6 metrics
Beneficially owned shares4,378,904 sharesAmount beneficially owned reported in Schedule 13G/A
Percent of class8.3%Percent of EPAM common stock reported
Sole voting power4,223,944 sharesShares for which Invesco has sole power to vote
Sole dispositive power4,378,904 sharesShares for which Invesco has sole power to dispose
CUSIP29414B104EPAM Systems Inc CUSIP on the filing
Signature date05/06/2026Date the amendment was signed by Global Head of Compliance
Key Terms
Schedule 13G/A, Beneficially own, Sole dispositive power, Investment adviser subsidiaries
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.
Beneficially ownfinancial
"may be deemed to beneficially own 4,378,904 shares of the Issuer"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 4,378,904"
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.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
EPAM Systems Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
29414B104
(CUSIP Number)
03/31/2026
(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
Invesco Ltd.
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
BERMUDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,223,944.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,378,904.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,378,904.00
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)
8.3 %
12
Type of Reporting Person (See Instructions)
HC, IA
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:
Invesco Ltd. ("Invesco Ltd.")
(b)
Address or principal business office or, if none, residence:
1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
(c)
Citizenship:
Bermuda
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
29414B104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Invesco Ltd., in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 4,378,904 shares of the Issuer which are held of record by clients of Invesco Ltd.
(b)
Percent of class:
8.3 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4,223,944
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
4,378,904
(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.
However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above.
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.
Invesco Advisers, Inc.
Invesco Asset Management Limited
Invesco Asset Management Singapore Ltd.
Invesco Investment Advisers LLC
Invesco Capital Management LLC
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.
Invesco Ltd. reports beneficial ownership of 4,378,904 shares, equal to 8.3% of EPAM's common stock. The amount and percentage are provided in the amended Schedule 13G/A filed with the signature dated 05/06/2026.
How much voting power does Invesco Ltd. have in EPAM?
The filing states Invesco Ltd. has sole voting power over 4,223,944 shares. Shared voting power is disclosed as 0, with voting and dispositive powers broken out in the ownership table.
Which Invesco subsidiaries are identified in the filing?
The Schedule 13G/A lists: Invesco Advisers, Inc.; Invesco Asset Management Limited; Invesco Asset Management Singapore Ltd.; Invesco Investment Advisers LLC; Invesco Capital Management LLC as the relevant subsidiaries tied to the reported holdings.
Does the filing show that any other person has economic ownership over the shares?
The filing states that the shareholders of the relevant funds have the right to receive dividends or proceeds, and that no single individual has greater than 5% economic ownership. Ownership is held on behalf of clients.
Who signed the Schedule 13G/A amendment for Invesco Ltd.?
The amendment is signed by Robert R. Leveille, identified as Global Head of Compliance, and dated 05/06/2026, certifying the disclosure on behalf of Invesco Ltd.
