Robert Telesmanic - Aug 19, 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Controller & CAO
Signature
/s/ Harry Demas, on behalf of Robert Telesmanic, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Aug 19, 2021
Transactions value $
-$5,912
Form type
4
Date filed
8/23/2021, 06:23 PM
Previous filing
Jun 10, 2021
Next filing
Aug 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +130 +1.12% 11.7K Aug 19, 2021 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$5.91K -78 -0.67% $75.79 11.6K Aug 19, 2021 Direct F3
holding CTSH Class A Common Stock 800 Aug 19, 2021 By Parent's Estate F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTSH Restricted Stock Units Options Exercise $0 -130 -20.03% $0.00 519 Aug 19, 2021 Class A Common Stock 130 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of 1/7th of the restricted stock unit ("RSU") award granted on May 19, 2020.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F4 The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.
F5 The RSUs were granted on May 19, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 11 successive quarterly installments, commencing on August 19, 2020, with (i) 1/7th of the RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the eleventh vesting date. The RSUs will be fully vested on February 19, 2023.