Rajesh Nambiar - Nov 23, 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
President, Digital Business
Signature
/s/ Harry Demas, on behalf of Rajesh Nambiar, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Nov 23, 2021
Transactions value $
-$176,093
Form type
4
Date filed
11/26/2021, 03:36 PM
Previous filing
Sep 17, 2021
Next filing
Dec 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +2.57K +39.92% 9.02K Nov 23, 2021 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$88K -1.09K -12.05% $80.93 7.93K Nov 23, 2021 Direct F3
transaction CTSH Class A Common Stock Options Exercise +2.58K +32.48% 10.5K Nov 23, 2021 Direct F2, F4
transaction CTSH Class A Common Stock Tax liability -$88.1K -1.09K -10.36% $80.93 9.42K Nov 23, 2021 Direct F3

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 -2.57K -10% $0.00 23.2K Nov 23, 2021 Class A Common Stock 2.57K Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -2.58K -16.69% $0.00 12.9K Nov 23, 2021 Class A Common Stock 2.58K Direct F2, F6
* 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 1/12th of the restricted stock unit ("RSU") award granted on February 23, 2021.
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 Shares of Class A Common Stock of the Company received from the vesting of 1/8th of the RSU award granted on February 23, 2021.
F5 The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on February 23, 2024.
F6 The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of the RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date. The RSUs will be fully vested on February 23, 2024.