EPAM Systems, Inc. — Director's Dealing 2025

Mar 24, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2025-03-21

Reporting Person: Dobkin Arkadiy (Director, CEO, President, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-21	EPAM Common Stock	M	50000	$61.38	Acquired	1344278	Direct
2025-03-21	EPAM Common Stock	F	31640	$175.30	Disposed	1312638	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-21	Employee Stock Option (right to buy)	$61.38	M	50000	Disposed	2025-03-23	EPAM Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
EPAM Common Stock	447589	Indirect

Footnotes

F1: The stock option was automatically exercised on a net share settlement basis immediately before its expiration, in accordance with its terms. The Company delivered to the reporting person the number of
shares underlying the stock option less the number of shares having a Fair Market Value on the date of such exercise equal to (i) the aggregate exercise price for the stock option and (ii) the amount necessary to
satisfy any federal, state and local withholding taxes related to such exercise.

F2: These shares are held by the Arkadiy Dobkin GST Exempt Grantor Trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F3: The option became exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.