Jan Siegmund - 01 Jun 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
Issuer symbol: CTSH
Transactions as of: 01 Jun 2023
Net transactions value: -$148,758
Form type: 4
Filing time: 05 Jun 2023, 17:07:13 UTC
Previous filing: 25 May 2023
Next filing: 18 Aug 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		+1,866	+3.1%		62,332	01 Jun 2023	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Options Exercise		+2,185	+3.5%		64,517	01 Jun 2023	Direct	F2, F3
transaction	CTSH	Class A Common Stock	Options Exercise		+387	+0.6%		64,904	01 Jun 2023	Direct	F2, F4
transaction	CTSH	Class A Common Stock	Tax liability	$148,758	-2,392	-3.7%	$62.19	62,512	01 Jun 2023	Direct	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	-1,866	-50%	$0.000000	1,867	01 Jun 2023	Class A Common Stock	1,866		Direct	F2, F6
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-2,185	-12%	$0.000000	15,297	01 Jun 2023	Class A Common Stock	2,185		Direct	F2, F7
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-387	-17%	$0.000000	1,941	01 Jun 2023	Class A Common Stock	387		Direct	F2, F8

* 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 September 1, 2020.
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 1/12th of the RSU award granted on March 1, 2022.
F4	Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/8th of the RSU award granted on March 1, 2022.
F5	Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F6	A total of 22,398 RSUs were originally granted on September 1, 2020, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on December 1, 2020, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (September 1, 2023).
F7	A total of 26,223 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2025).
F8	A total of 4,662 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, 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 four successive 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 the RSUs vesting on the twelfth vesting date (March 1, 2025).