Form 4: EPAM Executive Sells Shares Under 10b5-1 Plan
Insider Transaction Report
EPAM Systems SVP Viktar Dvorkin reported the sale of 2,500 shares of common stock for approximately $455,297 under a pre-arranged 10b5-1 plan.
Summary
- Viktar Dvorkin, SVP/Head of Global Delivery at EPAM Systems, Inc. (EPAM), reported transactions involving EPAM Common Stock.
- On November 13, 2025, Dvorkin sold a total of 2,500 shares of EPAM Common Stock.
- The sales included 35 shares at a price of $181.72 per share and 2,465 shares at a price of $181.80 per share.
- These transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-scheduled trading arrangement.
- Following these transactions, Dvorkin directly beneficially owns 12,311.091 shares.
- Dvorkin indirectly beneficially owns 38,124 shares through the Dvorkin Family Trust after the reported sales.
- The total value of the shares sold was approximately $455,297.20.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction, specifically a sale under a pre-arranged 10b5-1 plan, which is generally considered neutral unless the scale or context is unusual. It does not inherently indicate positive or negative company performance.
Negatives
- Insider selling, even when pre-scheduled under a 10b5-1 plan, can sometimes be perceived by the market as a lack of confidence, although this is often a routine liquidity event.
Industry Context
This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. Such sales are common for executives managing personal finances or diversifying portfolios.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The reported transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). | 11/13/2025 | This indicates a pre-arranged trading plan, which helps mitigate concerns about insider trading by demonstrating that the trades were not based on material non-public information. |
Related Party Transactions
- A total of 2,500 shares of EPAM Common Stock were sold from holdings indirectly owned through the Dvorkin Family Trust.
Stakeholder Impact
- Shareholders: A routine insider sale under a 10b5-1 plan typically has minimal direct impact on shareholders, as it's often for personal financial planning rather than a reflection of company prospects. However, some investors may view any insider selling with caution.
- Employees: No direct impact on employees is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 11/13/2025 | Date of transaction for the sale of EPAM Common Stock. |
| 11/14/2025 | Date the Form 4 filing was signed. |
Keywords
EPAM Systems, EPAM, Insider Trading, Form 4, Stock Sale, Executive Compensation, Viktar Dvorkin, 10b5-1 Plan
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