Power John Kim - 15 May 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP & General Counsel
Signature
/s/ Carrie P. Ryan, on behalf of John Kim, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
15 May 2023
Net transactions value
-$10,418
Form type
4
Filing time
17 May 2023, 16:49:35 UTC
Previous filing
31 Mar 2023
Next filing
18 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +417 +2.2% 19,625 15 May 2023 Direct F1, F2, F3
transaction CTSH Class A Common Stock Tax liability $10,418 -166 -0.85% $62.76 19,459 15 May 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 -417 -17% $0.000000 2,084 15 May 2023 Class A Common Stock 417 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 1/5th of the restricted stock unit ("RSU") award granted on November 15, 2022.
F2 Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
F3 Includes 434 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 31, 2023.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 3,127 RSUs were originally granted on November 15, 2022 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in nine successive quarterly installments, commencing on February 15, 2023, 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 vesting on the ninth vesting date (February 15, 2025).