COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2023

Jun 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2023-06-01

Reporting Person: Siegmund Jan (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-01	Class A Common Stock	M	1866	—	Acquired	62332	Direct
2023-06-01	Class A Common Stock	M	2185	—	Acquired	64517	Direct
2023-06-01	Class A Common Stock	M	387	—	Acquired	64904	Direct
2023-06-01	Class A Common Stock	F	2392	$62.19	Disposed	62512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-01	Restricted Stock Units	$	M	1866	Disposed		Class A Common Stock (1866.0)	Direct
2023-06-01	Restricted Stock Units	$	M	2185	Disposed		Class A Common Stock (2185.0)	Direct
2023-06-01	Restricted Stock Units	$	M	387	Disposed		Class A Common Stock (387.0)	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 September 1, 2020.

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 1/12th of the RSU award granted on March 1, 2022.

F4: Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/8th of the RSU award granted on March 1, 2022.

F5: Shares of the Company's Class A Common Stock withheld to pay applicable taxes.

F6: A total of 22,398 RSUs were originally granted on September 1, 2020, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on December 1, 2020, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (September 1, 2023).

F7: A total of 26,223 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on June 1, 2022, with 1/12th of such RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date (March 1, 2025).

F8: A total of 4,662 RSUs were originally granted on March 1, 2022, under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in 12 successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of such RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of such RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/8th of such RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date (March 1, 2025).