Form 4: EPAM Systems CFO Sells Shares Under 10b5-1 Trading Plan

EPAM Systems' Chief Financial Officer, Jason D. Peterson, sold 464 shares of common stock at $257 per share on December 11, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Jason D. Peterson, the Chief Financial Officer of EPAM Systems, Inc., sold 464 shares of EPAM common stock on December 11, 2024.
• The sale was executed at a price of $257 per share.
• This transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Mr. Peterson directly owns 24,372 shares of EPAM common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of an insider transaction, which is neither positive nor negative. The use of a 10b5-1 plan suggests the sale was planned and not based on any new information.

Industry Context

This is a routine disclosure of an insider transaction. It is common for executives to use 10b5-1 trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Many public companies have executives who use 10b5-1 trading plans to manage their personal finances and avoid insider trading accusations.
• The sale of 464 shares is a relatively small transaction compared to the overall volume of trading in EPAM stock.
• The price of $257 per share is within the normal trading range for EPAM stock.

Stakeholder Impact

• The sale of shares by the CFO may have a minor impact on shareholder sentiment, but it is unlikely to be significant given the small size of the transaction and the use of a 10b5-1 plan.

Key Dates

Keywords

EPAM Systems, insider trading, Form 4, Jason D. Peterson, 10b5-1 trading plan, stock sale, CFO, equity securities