Form 4: EPAM Executive Increases Stake via ESPP

EPAM Systems SVP Boris Shnayder acquired additional common stock through the company's Employee Stock Purchase Plan in two transactions.

Summary

• Boris Shnayder, SVP/Co-Head of Global Business at EPAM Systems, Inc. (EPAM), reported two acquisitions of the company's common stock.
• On April 30, 2025, Shnayder acquired 56.234 shares at a price of $133.37 per share.
• On October 31, 2025, an additional 55.683 shares were acquired at a price of $134.69 per share.
• These transactions were made pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (ESPP) and are exempt from Rule 16b-3(c).
• Shares were purchased at 85% of the lesser of the fair market value on the first or last trading day of the respective six-month purchase periods.
• Following these transactions, Boris Shnayder directly beneficially owns 15,645.091 shares of EPAM Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates an executive increasing their stake in the company, even if through a routine employee stock purchase plan. This generally signals confidence in the company's long-term value.

Positives

• Increased insider ownership by a Senior Vice President, which can signal management's confidence in the company's future prospects.
• The transactions were part of a pre-arranged Employee Stock Purchase Plan, indicating a structured approach to employee equity participation.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The reporting person is voluntarily reporting the acquisition of the Issuer's Common Stock pursuant to the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (the 'ESPP').
• This transaction is also exempt from Rule 16b-3(c).
• In accordance with the ESPP, these shares were purchased at the lesser of (i) 85% of the fair market value of such shares of Common Stock on the first trading day of the Purchase Period and (ii) 85% of the fair market value of such shares of Common Stock on the last day of the Purchase Period.

Industry Context

Executive stock purchases through Employee Stock Purchase Plans are a common mechanism for companies to encourage employee ownership and align interests with shareholders. These routine transactions typically reflect ongoing compensation and benefit structures rather than specific market timing or strategic shifts.

Related Party Transactions

• Acquisition of common stock by an executive (Boris Shnayder) through the company's Employee Stock Purchase Plan (ESPP), which is a standard related-party transaction for employee benefit programs.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively, suggesting alignment of interests between management and shareholders.
• Employees: The ESPP encourages broader employee ownership, potentially boosting morale and commitment.

Key Dates

Keywords

EPAM Systems, EPAM, Insider Transaction, Form 4, Employee Stock Purchase Plan, ESPP, Stock Acquisition, Executive Ownership