Robert Telesmanic - May 16, 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
May 16, 2023
Transactions value $
-$18,222
Form type
4
Date filed
5/18/2023, 05:07 PM
Previous filing
Mar 17, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +576 +2.47% 23.9K May 16, 2023 Direct F1, F2, F3
transaction CTSH Class A Common Stock Tax liability -$18.2K -294 -1.23% $61.98 23.6K May 16, 2023 Direct F4
holding CTSH Class A Common Stock 800 May 16, 2023 By Parent's Estate F5

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 -576 -8.33% $0.00 6.34K May 16, 2023 Class A Common Stock 576 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 Includes 434 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 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.
F6 A total of 6,913 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, with1/12th 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).