Ravi Kumar Singisetti - 16 Nov 2023 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
Chief Executive Officer, Director
Signature
/s/ Carrie P. Ryan, on behalf of Ravi Kumar Singisetti, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
16 Nov 2023
Transactions value $
-$216,534
Form type
4
Filing time
20 Nov 2023, 16:56:24 UTC
Previous filing
16 Oct 2023
Next filing
17 Jan 2024
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 +5.78K +17.85% 38.1K 16 Nov 2023 Direct F1, F2
transaction CTSH Class A Common Stock Tax liability -$217K -3.16K -8.29% $68.48 35K 16 Nov 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 -5.78K -10% $0.00 52K 16 Nov 2023 Class A Common Stock 5.78K 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 16, 2023.
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 69,318 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, 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 16, 2026).