Surya Gummadi - Nov 19, 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
SVP, Americas (Interim)
Signature
/s/ Carrie P. Ryan, on behalf of Surya Gummadi, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Nov 19, 2022
Transactions value $
-$6,897
Form type
4
Date filed
11/22/2022, 03:21 PM
Previous filing
Nov 21, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +242 +7.56% 3.44K Nov 19, 2022 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$6.9K -115 -3.34% $59.97 3.33K Nov 19, 2022 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 -242 -49.69% $0.00 245 Nov 19, 2022 Class A Common Stock 242 Direct F2, F4
* 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 1/3rd 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 A total of 5,099 RSUs were originally granted on May 19, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 11 successive quarterly quarterly installments, commencing on August 19, 2020, with (i) 1/7th of such RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the eleventh vesting date (February 19, 2023).