Dobkin Arkadiy 4

What Happened

• Arkadiy Dobkin, Executive Chairman and Director of EPAM Systems (EPAM), had restricted stock units (RSUs) vest on March 15, 2026. A total of 15,743 shares were recorded as granted/awarded (acquired at $0.00).
• To satisfy tax withholding on the vesting event, the issuer withheld/disposed of 5,560 shares in four withholdings at $137.14 per share, generating proceeds of $762,499. After withholding, Dobkin received a net 10,183 shares. The gross market value of the 15,743 vested shares at $137.14 is approximately $2.16 million.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Withheld/disposed shares: 883, 1,135, 1,129, and 2,413 shares — all at $137.14 per share (total proceeds $762,499).
• Award/Acquisition: 15,743 RSUs reported as acquired at $0.00 (market value ≈ $2,158,995 based on $137.14/share).
• Net shares delivered to insider after withholding: 10,183 shares (≈ $1,396,497 at $137.14/share).
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on vested RSUs. F2 — these RSUs are scheduled to vest 25% on each of March 15, 2027, 2028, 2029 and 2030 (vesting schedule noted in the filing).
• Transaction codes: A = award/grant; F = tax withholding. This was a vesting/withholding event, not an open-market sale.

Context

• This is a routine compensation/vesting transaction: RSUs vested and the company withheld shares to cover taxes (a common "cashless withholding" approach). Such withholding is not the same as an insider selling shares on the open market to take profits.
• No purchase or open-market sale was reported here, and the filing appears timely.