Surya Gummadi - May 16, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP and President, Americas
Signature
/s/ Carrie P. Ryan, on behalf of Surya Gummadi, by Power of Attorney
Stock symbol
CTSH
Transactions as of
May 16, 2023
Transactions value $
-$80,698
Form type
4
Date filed
5/18/2023, 04:51 PM
Previous filing
May 17, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +753 +7.75% 10.5K May 16, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +1.88K +17.99% 12.3K May 16, 2023 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$80.7K -1.3K -10.54% $61.98 11K May 16, 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 -753 -8.33% $0.00 8.29K May 16, 2023 Class A Common Stock 753 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -1.88K -12.5% $0.00 13.2K May 16, 2023 Class A Common Stock 1.88K 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 16, 2023.
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 vesting of 1/8th of the RSU award granted on February 16, 2023.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 9,041 RSUs were originally granted on February 16, 2023, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 16, 2026).
F6 A total of 15,069 RSUs were originally granted on February 16, 2023, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 16, 2023, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the twelfth vesting date (February 16, 2026).