EPAM Systems, Inc. — Director's Dealing 2022

Aug 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2022-08-09

Reporting Person: Fejes Balazs (EVP/Co-Head of Global Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-09	EPAM Common Stock	M	11532	$112.62	Acquired	24504	Direct
2022-08-09	EPAM Common Stock	M	17817	$73.27	Acquired	42321	Direct
2022-08-09	EPAM Common Stock	M	18462	$70.52	Acquired	60783	Direct
2022-08-09	EPAM Common Stock	S	47811	$423.30	Disposed	12972	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-09	Employee Stock Option (right to buy)	$112.62	M	11532	Disposed	2028-03-23	EPAM Common Stock (11532.0)	Direct
2022-08-09	Employee Stock Option (right to buy)	$73.27	M	17817	Disposed	2027-03-24	EPAM Common Stock (17817.0)	Direct
2022-08-09	Employee Stock Option (right to buy)	$70.52	M	18462	Disposed	2026-03-25	EPAM Common Stock (18462.0)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $416.12 to $427.61, inclusive. The reporting person undertakes to provide to 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 this Form 4.

F3: The option became exercisable as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.

F4: The option became exercisable as to 25% of the shares on each of March 24, 2018, 2019, 2020, and 2021.

F5: The option became exercisable as to 25% of the shares on each of March 25, 2017, 2018, 2019 and 2020.