Surya Gummadi - Jan 1, 2023 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
Jan 1, 2023
Transactions value $
-$9,837
Form type
4
Date filed
1/4/2023, 03:13 PM
Previous filing
Dec 7, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +367 +8.65% 4.61K Jan 1, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +60 +1.3% 4.67K Jan 1, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$9.84K -172 -3.68% $57.19 4.5K Jan 1, 2023 Direct 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 -367 -9.08% $0.00 3.68K Jan 1, 2023 Class A Common Stock 367 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -60 -100% $0.00* 0 Jan 1, 2023 Class A Common Stock 60 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 July 1, 2022.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Shares of Class A Common Stock of the Company received from the fully vested RSUs award granted on September 13, 2020.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 4,409 RSUs were originally granted on July 1, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on October 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (July 1, 2025).
F6 A total of 902 RSUs were originally granted on September 13, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 9 successive quarterly installments, commencing on January 1, 2021, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs were fully vested on the ninth vesting date (January 1, 2023).