4/A: EPAM Executive Sells Shares, Forfeits Equity
Insider Transaction Report Amendment
Sergey Yezhkov, SVP/Co-Head of Global Business at EPAM Systems, Inc., reported share transactions including an ESPP acquisition, tax-related disposal, and forfeiture upon separation.
Summary
- Sergey Yezhkov, SVP/Co-Head of Global Business at EPAM Systems, Inc., reported changes in his beneficial ownership of EPAM Common Stock.
- Acquired 56.23 shares of Common Stock on April 30, 2025, at a price of $133.37 per share through the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (ESPP).
- Disposed of 1,178 shares of Common Stock on August 29, 2025, at a price of $174.18 per share, withheld by the Issuer to satisfy tax withholding requirements from restricted stock unit vesting.
- Forfeited 4,695 shares of Common Stock on August 29, 2025, without payment, in connection with his separation from EPAM Systems, Inc.
- Following these transactions, beneficial ownership stands at 11,736.23 shares of EPAM Common Stock.
Sentiment
Score: 4
Explanation: The sentiment is moderately negative due to the departure of a senior executive and the associated forfeiture of a significant number of shares, which could signal internal changes or challenges for the company.
Positives
- Participation in the Employee Stock Purchase Plan (ESPP) allowed for the acquisition of shares at a discounted price, indicating a benefit for the reporting person.
Negatives
- Forfeiture of 4,695 shares of common stock without payment due to separation from the company represents a loss of equity for the reporting person.
- The departure of a Senior Vice President and Co-Head of Global Business could be perceived negatively by the market.
Risks
- The separation of a Senior Vice President and Co-Head of Global Business could pose a risk to leadership stability and strategic execution within the company.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| SVP/Co-Head of Global Business | Sergey Yezhkov | 08/29/2025 | Separation from EPAM Systems, Inc. |
Stakeholder Impact
- Shareholders may react to the departure of a senior executive, potentially impacting investor confidence and the company's stock price.
- The company's operational and strategic direction in the global business segment may be affected by the change in leadership.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Start of the ESPP purchase period. |
| 04/30/2025 | End of the ESPP purchase period and transaction date for the acquisition of 56.23 shares. |
| 08/29/2025 | Transaction date for the disposal of 1,178 shares for tax withholding and the forfeiture of 4,695 shares due to separation. |
| 09/02/2025 | Date of original filing for this amendment and signature date of the reporting person's attorney-in-fact. |
Keywords
EPAM, EPAM Systems, Sergey Yezhkov, Form 4, Insider Trading, Stock Transactions, Executive Departure, ESPP, Restricted Stock Units, Beneficial Ownership
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