Form 4: EPAM Systems Executive Viktar Dvorkin Exercises Options and Sells Shares

EPAM Systems SVP Viktar Dvorkin exercised stock options and sold shares on December 11, 2024, resulting in a change in his beneficial ownership.

Summary

• Viktar Dvorkin, SVP at EPAM Systems, executed multiple transactions involving EPAM common stock on December 11, 2024.
• He exercised options to acquire 12,000 shares at a price of $61.38 per share.
• Following the option exercise, he sold 69 shares at $256.69 each and 6,689 shares at $256.53 each.
• After these transactions, Mr. Dvorkin directly owns 13,000 shares and indirectly owns 20,932 shares through the Dvorkin Family Trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The transactions are typical for executives who receive stock options as part of their compensation.
• The prices at which the shares were sold are consistent with the market price of EPAM stock at the time of the transaction.

Stakeholder Impact

• The transactions may have a minor impact on the stock price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

EPAM Systems, stock options, insider trading, share sale, beneficial ownership, Form 4, Viktar Dvorkin