Form 4: EPAM Systems CEO Arkadiy Dobkin Transfers Shares via Gift

EPAM Systems CEO Arkadiy Dobkin transferred a total of 25,600 shares of EPAM common stock through gifts, some to a family trust, while retaining beneficial ownership of a significant portion of shares.

Summary

• Arkadiy Dobkin, CEO, President, and Chairman of EPAM Systems, Inc., reported changes in his beneficial ownership of EPAM common stock.
• On December 13, 2024, Dobkin gifted 14,200 shares directly and 11,400 shares to the Arkadiy Dobkin GST Exempt Grantor Trust.
• The gifts were made without any payment of consideration.
• Following these transactions, Dobkin directly owns 1,275,628 shares and indirectly owns 447,589 shares through the trust.
• Dobkin disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of share transfers, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for executives of publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Executives often use trusts for estate planning and tax purposes, which is a common practice among public company executives.

Stakeholder Impact

• The share transfers do not have a direct impact on stakeholders, as they are personal transactions of the CEO.

Key Dates

Keywords

EPAM Systems, Arkadiy Dobkin, share transfer, beneficial ownership, gift, trust, Form 4, insider trading