EPAM Systems, Inc. — Director's Dealing 2021

May 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2021-05-26

Reporting Person: Shekhter Elaina (SVP, Chief Marketing Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-26	EPAM Common Stock	M	3827	$61.38	Acquired	10111	Direct
2021-05-26	EPAM Common Stock	S	3827	$480.03	Disposed	6284	Direct
2021-05-27	EPAM Common Stock	M	906	$61.38	Acquired	7190	Direct
2021-05-27	EPAM Common Stock	S	906	$480	Disposed	6284	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-26	Employee Stock Option (right to buy)	$61.38	M	3827	Disposed	2025-03-23	EPAM Common Stock (3827.0)	Direct
2021-05-27	Employee Stock Option (right to buy)	$61.38	M	906	Disposed	2025-03-23	EPAM Common Stock (906.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $480.00 to $480.10, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to the Form 4.

F2: The option, representing a right to purchase a total of 17,500 shares, became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.