Michael Patsalos-Fox - Jun 12, 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Director
Signature
/s/ Carrie P. Ryan, on behalf of Michael Patsalos-Fox, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Jun 12, 2023
Transactions value $
-$21,877
Form type
4
Date filed
6/14/2023, 04:36 PM
Previous filing
Jun 8, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise $413K +6.93K +10.71% $59.63 71.6K Jun 12, 2023 Direct
transaction CTSH Class A Common Stock Sale -$435K -6.93K -9.67% $62.79 64.7K Jun 12, 2023 Direct F1
holding CTSH Class A Common Stock 10K Jun 12, 2023 PFOXFAMILY LLC F2

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 Class A Common Stock Option (Right to Buy) Options Exercise $0 -6.93K -100% $0.00* 0 Jun 12, 2023 Class A Common Stock 6.93K $59.63 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.77 to $62.82, inclusive. The reporting person undertakes to provide to Cognizant Technology Solutions Corporation (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
F2 All of the membership interests of the PFOXFAMILY LLC are held by a trust for the benefit of the Reporting Person's children and for which the Reporting Person's spouse is the co-trustee.
F3 The options were granted on June 15, 2016 pursuant to the Company's 2009 Incentive Compensation Plan and vested as follows: 50% on June 15, 2017, and 50% on June 15, 2018. The options were fully vested on June 15, 2018.