Andrew J. Stafford - 09 Jul 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: EVP, Head of Global Delivery
Signature: /s/ Harry Demas, on behalf of Andrew J. Stafford, by Power of Attorney
Issuer symbol: CTSH
Transactions as of: 09 Jul 2021
Net transactions value: -$313,688
Form type: 4
Filing time: 13 Jul 2021, 17:19:07 UTC
Previous filing: 25 May 2021
Next filing: 25 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CTSH	Class A Common Stock	Options Exercise		+3,014	+43%		10,043	09 Jul 2021	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	$96,519	-1,396	-14%	$69.14	8,647	09 Jul 2021	Direct	F3
transaction	CTSH	Class A Common Stock	Options Exercise		+6,783	+78%		15,430	09 Jul 2021	Direct	F2, F4
transaction	CTSH	Class A Common Stock	Tax liability	$217,169	-3,141	-20%	$69.14	12,289	09 Jul 2021	Direct	F3

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	-3,014	-20%	$0.000000	12,062	09 Jul 2021	Class A Common Stock	3,014		Direct	F2, F5
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-6,783	-50%	$0.000000	6,784	09 Jul 2021	Class A Common Stock	6,783		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 2/3rds of 1/6th of the restricted stock unit ("RSU") award granted on July 9, 2020.
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	Shares of Class A Common Stock of the Company received from the vesting of 50% of the RSU award granted on July 9, 2020.
F5	The RSUs were granted on July 9, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 10 successive quarterly installments, commencing on October 9, 2020, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date. The RSUs will be fully vested on January 9, 2023.
F6	The RSUs were granted on July 9, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in two equal annual installments, with 50% of the RSUs vesting on the one-year anniversary of the date of grant and the remaining 50% vesting on the two-year anniversary. The RSUs will be fully vested on July 9, 2022.