Form 4: EPAM Systems CEO Arkadiy Dobkin Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Arkadiy Dobkin, CEO, President, and Chairman of EPAM Systems, exercised stock options and disposed of shares to cover the exercise price and tax obligations.
Summary
- On March 21, 2025, Arkadiy Dobkin, CEO, President, and Chairman of EPAM Systems, exercised stock options for 50,000 shares of EPAM Common Stock at a price of $61.38 per share.
- The stock option was automatically exercised on a net share settlement basis immediately before its expiration.
- Following the exercise, 31,640 shares were disposed of at $175.3 to cover the exercise price and tax obligations.
- After these transactions, Dobkin directly owns 1,312,638 shares of EPAM Common Stock.
- Dobkin also indirectly owns 447,589 shares through the Arkadiy Dobkin GST Exempt Grantor Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option exercises, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of existing stock options and a small dilution of shares.
Key Dates
| Date | Description |
|---|---|
| March 23, 2016 | 25% of the employee stock options became exercisable |
| March 23, 2017 | An additional 25% of the employee stock options became exercisable |
| March 23, 2018 | An additional 25% of the employee stock options became exercisable |
| March 23, 2019 | The final 25% of the employee stock options became exercisable |
| 03/21/2025 | Date of stock option exercise and share disposal |
| 03/23/2025 | Expiration date of the employee stock options |
| 03/24/2025 | Date of signature for the Form 4 filing |
Keywords
EPAM Systems, Arkadiy Dobkin, stock options, Form 4, beneficial ownership, securities, transactions
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