Rajesh Varrier - Dec 15, 2024 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role
EVP-Global Head of Operations
Signature
/s/ Melissa Glass, on behalf of Rajesh Varrier, by Power of Attorney
Stock symbol
CTSH
Transactions as of
Dec 15, 2024
Transactions value $
-$48,596
Form type
4
Date filed
12/17/2024, 05:10 PM
Previous filing
Sep 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +748 748 Dec 15, 2024 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +814 +108.82% 1.56K Dec 15, 2024 Direct F2, F3
transaction CTSH Class A Common Stock Tax liability -$48.6K -607 -38.86% $80.06 955 Dec 16, 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 -748 -12.49% $0.00 5.24K Dec 15, 2024 Class A Common Stock 748 Direct F2, F5
transaction CTSH Restricted Stock Units Options Exercise $0 -814 -16.67% $0.00 4.07K Dec 15, 2024 Class A Common Stock 814 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 1/8th of the restricted stock unit ("RSU") award granted on September 3, 2024.
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 1/6th of the RSU award granted on September 3, 2024.
F4 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F5 A total of 5,991 RSUs were originally granted on September 3, 2024, under the Company's 2023 Incentive Award Plan and will vest in eight successive quarterly installments, with 1/8th of such RSUs first vesting on December 15, 2024, and each quarterly anniversary of such date so that such RSUs will be fully vested on the eighth quarterly vesting date (September 15, 2026).
F6 A total of 4,884 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and will vest in ten successive quarterly installments, with (i) 1/6th of such RSUs vesting on each of December 15, 2024 and the quarterly anniversary of such date; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on March 15, 2026.