Robert Telesmanic - Mar 15, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: SVP, Controller & CAO
Signature: /s/ Carrie P. Ryan, on behalf of Robert Telesmanic, by Power of Attorney
Stock symbol: CTSH
Transactions as of: Mar 15, 2023
Transactions value $: -$190,386
Form type: 4
Date filed: 3/17/2023, 04:43 PM
Previous filing: Mar 7, 2023
Next filing: May 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTSH	Class A Common Stock	Options Exercise		+6.86K	+35.51%		26.2K	Mar 15, 2023	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	-$190K	-3.34K	-12.74%	$57.07	22.9K	Mar 15, 2023	Direct	F3
holding	CTSH	Class A Common Stock						800	Mar 15, 2023	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	Performance Stock Units	Options Exercise	$0	-6.86K	-100%	$0.00^*	0	Mar 15, 2023	Class A Common Stock	6.86K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the settlement, in shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company"), of performance-based stock units ("PSUs"). The PSUs were originally granted on March 5, 2020 under the Company's 2017 Incentive Award Plan. A portion of the performance conditions were determined to be satisfied on February 16, 2023 and that portion of the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2023.
F2	Each PSU 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.