Robert Telesmanic - May 23, 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 23, 2023
Transactions value $
-$15,635
Form type
4
Date filed
5/25/2023, 04:27 PM
Previous filing
May 18, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +525 +2.23% 24.1K May 23, 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$15.6K -247 -1.03% $63.30 23.9K May 23, 2023 Direct F3
holding CTSH Class A Common Stock 800 May 23, 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 Restricted Stock Units Options Exercise $0 -525 -25.01% $0.00 1.57K May 23, 2023 Class A Common Stock 525 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 1/12th of the restricted stock unit ("RSU") award granted on February 23, 2021.
F2 Each RSU 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.
F5 A total of 6,295 RSUs were granted on February 23, 2021, under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 23, 2021, 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 23, 2024).