Jatin P. Dalal - Mar 4, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: Chief Financial Officer
Signature: /s/ Carrie P. Ryan, on behalf of Jatin P. Dalal, by Power of Attorney
Stock symbol: CTSH
Transactions as of: Mar 4, 2024
Transactions value $: -$293,229
Form type: 4
Date filed: 3/6/2024, 04:21 PM
Previous filing: Mar 1, 2024
Next filing: Jun 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTSH	Class A Common Stock	Options Exercise		+2.69K			2.69K	Mar 4, 2024	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Options Exercise		+6.5K	+241.91%		9.19K	Mar 4, 2024	Direct	F2, F3
transaction	CTSH	Class A Common Stock	Tax liability	-$293K	-3.71K	-40.36%	$79.08	5.48K	Mar 4, 2024	Direct	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	-2.69K	-25%	$0.00	8.06K	Mar 4, 2024	Class A Common Stock	2.69K		Direct	F2, F5
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-6.5K	-20%	$0.00	26K	Mar 4, 2024	Class A Common Stock	6.5K		Direct	F2, F6

* 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 1/4th of the restricted stock unit ("RSU") award granted on December 4, 2023.
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 1/5th of the RSU award granted on December 4, 2023.
F4	Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5	A total of 10,750 RSUs were granted on December 4, 2023, under the Company's 2023 Incentive Award Plan and will vest in four successive quarterly installments, commencing on March 4, 2024, with 1/4th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the fourth quarterly vesting date (December 4, 2024).
F6	A total of 32,497 RSUs were granted on December 4, 2023 under the Company's 2023 Incentive Award Plan (the "Plan") and will vest in nine successive quarterly installments, commencing on March 4, 2024, with (i) 1/5th of such RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of such RSUs vesting on the ninth vesting date (March 4, 2026).