COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2021

Dec 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2021-12-14

Reporting Person: Morgenstern Ursula (President, Global Markets)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-14	Class A Common Stock	M	1053	—	Acquired	8489	Direct
2021-12-14	Class A Common Stock	F	489	$81.88	Disposed	8000	Direct
2021-12-14	Class A Common Stock	M	2105	—	Acquired	10105	Direct
2021-12-14	Class A Common Stock	F	977	$81.88	Disposed	9128	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-14	Restricted Stock Units	$	M	1053	Disposed		Class A Common Stock (1053.0)	Direct
2021-12-14	Restricted Stock Units	$	M	2105	Disposed		Class A Common Stock (2105.0)	Direct

Footnotes

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 December 14, 2020.

F2: Each RSU represents a contingent right to receive one share of Class A Common Stock of the Company.

F3: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.

F4: Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/5th of the RSU award granted on December 14, 2020.

F5: The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on March 14, 2021, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on December 14, 2023.

F6: The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of the RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/5th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the ninth vesting date. The RSUs will be fully vested on March 14, 2023.