Form 4: EPAM CFO Jason D. Peterson Sells 1,000 Shares of Common Stock

Jason D. Peterson, CFO of EPAM Systems, Inc., sold 1,000 shares of EPAM common stock at a price of $237 per share on November 7, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 7, 2024, Jason D. Peterson, the Chief Financial Officer of EPAM Systems, Inc., sold 1,000 shares of EPAM Common Stock.
• The sale was executed at a price of $237 per share.
• Following the transaction, Peterson directly owns 24,836 shares of EPAM Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the CFO's outlook on the company.

Industry Context

Sales by company executives are a normal part of corporate governance. It is important to note that the sale was executed under a 10b5-1 trading plan, which allows corporate insiders to set up a predetermined plan to sell company stock. This can help prevent accusations of insider trading.

Stakeholder Impact

• The sale of shares by a high-ranking executive could cause some concern among shareholders, but the existence of a 10b5-1 trading plan mitigates this concern.

Key Dates