Form 4: EPAM Director Gifts Shares, Reduces Direct Holdings

EPAM Systems Director Robert E. Segert reported gifting 312 shares of common stock on December 15, 2025, reducing his direct beneficial ownership.

Summary

• Robert E. Segert, a Director of EPAM Systems, Inc., reported changes in his beneficial ownership of common stock.
• On December 15, 2025, Segert disposed of 72 shares of EPAM Common Stock through a bona fide gift.
• On the same date, he also disposed of an additional 240 shares of EPAM Common Stock through a bona fide gift.
• No payment or consideration was received by Segert for these transfers.
• Following these transactions, Segert directly owns 4,605 shares of EPAM Common Stock.
• Segert also indirectly owns 13,744 shares of EPAM Common Stock through a trust.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports a routine insider gift transaction with no direct impact on company operations or financial performance.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The reported transactions involve a transfer of securities by bona fide gift, which may be to a related party, though the recipient is not specified in the filing.

Stakeholder Impact

• Shareholders will note a minor reduction in the direct beneficial ownership of a director, which is generally not considered material for investment decisions.

Key Dates

Recommendation

The filing reports a routine insider gift of shares, which does not reflect a change in the company's operational performance or strategic direction. Such a transaction typically has a neutral impact on investment sentiment, warranting a 'hold' recommendation based solely on this filing.

Keywords

EPAM, Form 4, insider transaction, beneficial ownership, stock gift, director, Robert E. Segert