Shekhter Elaina 4

What Happened
Elaina Shekhter, SVP & Chief Strategy Officer of EPAM Systems (EPAM), was granted 8,221 restricted stock units (RSUs) on 2026-03-15 (acquired at $0.00). To cover tax withholding arising from the vesting event, the issuer withheld 763 shares (129 + 154 + 153 + 327) at $137.14 per share, totaling $104,638. These withheld shares are recorded as disposals for tax-withholding purposes, not open-market sales.

Key Details

• Transaction date: 2026-03-15 (reported on Form 4 filed 2026-03-17) — filing appears timely.
• Withheld shares: 763 shares at $137.14 each; total value withheld = $104,638.
• Award: 8,221 RSUs granted/acquired at $0.00.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding on vesting; F2 — the RSUs are scheduled to vest 25% each March 15 in 2027, 2028, 2029, and 2030.

Context: These transactions reflect compensation vesting and routine tax withholding (a common non-sale disposition). RSU grants and withholding do not necessarily indicate the insider is buying or selling for investment reasons.