Form 4: EPAM Systems: Insider Acquires Shares via ESPP

Lawrence F. Solomon, SVP/Chief People Officer at EPAM Systems, Inc., reported the acquisition of 77.551 shares of common stock through the company's Employee Stock Purchase Plan.

Summary

• Lawrence F. Solomon, SVP/Chief People Officer of EPAM Systems, Inc., acquired 77.551 shares of EPAM Common Stock.
• The acquisition occurred on April 30, 2026, under the EPAM Systems, Inc. 2021 Employee Stock Purchase Plan (ESPP).
• The shares were purchased at a discounted price, specifically 85% of the fair market value on either the first or last day of the purchase period (November 1, 2025, to April 30, 2026).
• Following this transaction, Mr. Solomon beneficially owns 30,311.642 shares of EPAM Common Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents an insider utilizing a standard employee benefit plan to acquire shares, indicating personal investment in the company.

Positives

• Insider participation in employee stock purchase plans often signals confidence in the company's future prospects.
• The acquisition was made at a discount, indicating a favorable purchase price for the reporting person.
• The transaction is exempt from Section 16(b) short-swing profit rules under Rule 10b5-1(c) for pre-planned transactions.

Future Outlook

The filing itself does not contain forward-looking statements or guidance. It is a report of a past transaction.

Industry Context

StockSavvy.ai notes that insider purchases through employee stock purchase plans are common in the technology services sector, reflecting a standard benefit and a way for employees to invest in their company.

Stakeholder Impact

• Shareholders: The purchase by an executive through an ESPP is a routine event and typically has minimal direct impact on share price, though it can be seen as a minor positive signal of insider confidence.

Key Dates

Keywords

EPAM Systems, Form 4, Insider Trading, Employee Stock Purchase Plan, ESPP, Lawrence F. Solomon, Securities Acquisition, Common Stock