Becky Schmitt - 03 May 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: EVP and Chief People Officer
Signature: /s/ Udele Lin on behalf of Becky Schmitt, by Power of Attorney
Issuer symbol: CTSH
Transactions as of: 03 May 2022
Net transactions value: -$303,855
Form type: 4
Filing time: 05 May 2022, 17:25:42 UTC
Previous filing: 03 Mar 2022
Next filing: 25 May 2022
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		+8,319	+30%		35,911	03 May 2022	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	$303,855	-3,726	-10%	$81.55	32,185	03 May 2022	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	-8,319	-25%	$0.000000	24,956	03 May 2022	Class A Common Stock	8,319		Direct	F2, F4

* 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 1/12th of the restricted stock unit ("RSU") award originally granted on February 3, 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	A total of 99,824 RSUs were originally granted on February 3, 2020 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 3, 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 (February 3, 2023).