Form 4: EPAM Executive Boosts Stake via ESPP

EPAM Systems' VP, Corporate Controller, Gary C. Abrahams, acquired additional common stock through the company's Employee Stock Purchase Plan.

Summary

• Gary C. Abrahams, VP, Corporate Controller, and PAO of EPAM Systems, Inc., acquired additional shares of EPAM Common Stock.
• On April 30, 2025, Mr. Abrahams acquired 56.234 shares of common stock at a price of $133.37 per share, bringing his direct beneficial ownership to 3,265.234 shares.
• On October 31, 2025, an additional 55.683 shares of common stock were acquired at a price of $134.69 per share, increasing his direct beneficial ownership to 3,320.091 shares.
• These acquisitions were made voluntarily through the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (ESPP).
• Shares purchased under the ESPP are acquired at the lesser of (i) 85% of the fair market value on the first trading day of the six-month purchase period and (ii) 85% of the fair market value on the last day of the purchase period.
• The transactions are exempt from Rule 16b-3(c) of the Securities Exchange Act of 1934.
• The total shares beneficially owned after the second transaction include a deduction of 0.826 shares due to cumulative de minimis rounding adjustments from prior ESPP acquisitions.

Sentiment

Score: 7

Explanation: The VP, Corporate Controller, acquired additional shares through the company's Employee Stock Purchase Plan at a discounted price, indicating management's confidence in the company's future.

Positives

• The VP, Corporate Controller, increased their direct beneficial ownership, indicating management's confidence in the company's future prospects.
• Shares were acquired through an Employee Stock Purchase Plan (ESPP), typically at a discounted price, which is a benefit for the employee.

Risks

• No specific risks were mentioned in this transactional filing.

Future Outlook

No specific forward-looking statements or guidance were provided in this transactional filing.

Industry Context

This filing reports an individual insider stock transaction, which does not directly relate to broader industry trends or competitive landscape analysis. It primarily reflects internal management's investment in the company.

Comparison to Industry Standards

• This Form 4 filing details an individual insider's stock acquisition through an employee stock purchase plan, which is a common benefit program across many industries.
• The specific transaction details (number of shares, price) are unique to this individual and company and are not directly comparable to industry-wide benchmarks or competitor performance metrics.

Related Party Transactions

• No unusual related party transactions were disclosed; the reported stock acquisitions are part of the company's standard Employee Stock Purchase Plan, which is a common employee benefit.

Stakeholder Impact

• Shareholders may view the insider's increased stake as a positive signal of management's belief in the company's value.
• Employees participating in the ESPP benefit from the opportunity to purchase company stock at a discount.

Key Dates

Recommendation

The VP, Corporate Controller, increased their direct beneficial ownership of EPAM common stock through the Employee Stock Purchase Plan at a discounted price. While insider buying is generally a positive signal, indicating management's confidence, this Form 4 filing alone does not provide sufficient comprehensive financial or strategic data to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position, suggesting continued confidence from an insider.

Keywords

EPAM Systems, EPAM, Form 4, Insider Trading, Stock Purchase, ESPP, Employee Stock Purchase Plan, Gary C. Abrahams, Common Stock, Beneficial Ownership