COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2021

Sep 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2021-09-15

Reporting Person: Nambiar Rajesh (President, Digital Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-15	Class A Common Stock	M	914	—	Acquired	6835	Direct
2021-09-15	Class A Common Stock	F	390	$76.10	Disposed	6445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-15	Restricted Stock Units	$	M	914	Disposed		Class A Common Stock (914.0)	Direct

Footnotes

F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/7th of the restricted stock unit ("RSU") award granted on June 18, 2021

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: The RSUs were granted on June 18, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 11 successive quarterly installments, with (i) 1/7th of the RSUs vesting on September 15, 2020 (the "First RSU Vesting Date"), (ii) 1/7th of the RSUs vesting on each of the first and second three-month anniversaries of the First RSU Vesting Date, (iii) 2/3rds of 1/7th of the RSUs vesting on each of the third, fourth, fifth and sixth three-month anniversaries of the First RSU Vesting Date, (iv) 1/3rd of 1/7th of the RSUs vesting on each of the seventh, eight and ninth three-month anniversaries of the First RSU Vesting Date, and (v) the remainder of the RSUs vesting on the tenth three-month anniversary of the First RSU Vesting Date. The RSUs will be fully vested on March 15, 2024.