Jan Siegmund - May 23, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: Chief Financial Officer
Signature: /s/ Carrie P. Ryan, on behalf of Jan Siegmund, by Power of Attorney
Stock symbol: CTSH
Transactions as of: May 23, 2023
Transactions value $: -$87,354
Form type: 4
Date filed: 5/25/2023, 04:35 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		+2.57K	+4.34%		61.8K	May 23, 2023	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	-$87.4K	-1.38K	-2.23%	$63.30	60.5K	May 23, 2023	Direct	F3

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	-2.57K	-25%	$0.00	7.72K	May 23, 2023	Class A Common Stock	2.57K		Direct	F2, F4

* 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	A total of 30,872 RSUs were granted on February 23, 2021, under the Company's 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).