---
schema_version: "secwatch.filing_event.v1"
accession: "0001352010-26-000019"
form_type: "8-K"
ticker: "EPAM"
cik: "0001352010"
company_name: "EPAM Systems, Inc."
filed_at: "2026-03-05T23:59:59+00:00"
generated_at: "2026-05-15T19:27:37.122332+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EPAM Systems launches $300M accelerated share repurchase with Morgan Stanley

## Summary
- Company pays $300M to Morgan Stanley, receives initial delivery of 1,703,336 shares (~$240M based on Mar 4 close).
- Final settlement expected by Q2 2026; shares repurchased based on VWAP less discount.
- After ASR, $452.5M remaining under existing $1.0B repurchase authorization.
- CEO Balazs Fejes states repurchase reflects confidence in long-term outlook and current undervaluation.
- Program funded with cash on hand and borrowings under existing credit facility.

## SEC filing metadata
- accession: 0001352010-26-000019
- form_type: 8-K
- ticker: EPAM
- cik: 0001352010
- company_name: EPAM Systems, Inc.
- filed_at: 2026-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/0001352010-26-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/epam-20260304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001352010-26-000019
- JSON: https://secwatch.observer/filing/0001352010-26-000019.json
- Plain text: https://secwatch.observer/filing/0001352010-26-000019.txt

## Key facts
- Material Agreements
  EPAM Systems, Inc. entered into Fixed Dollar Accelerated Share Repurchase Transaction agreement with Morgan Stanley & Co. LLC valued at Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million (effective 2026-03-04).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Morgan Stanley & Co. LLC
  - Value: Aggregate $300 million share repurchase; initial delivery of 1,703,336 shares valued at $240 million
  - Effective: 2026-03-04
  source text: On March 4, 2026, EPAM Systems, Inc. (the “ Company ”) entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement (the “ ASR Agreement ”) with Morgan Stanley & Co. LLC (“ Morgan Stanley ”) to repurchase an aggregate of $300 million of shares of the Company’s common stock (the “ Common Stock ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1352010/000135201026000019/0001352010-26-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.