Gregory Hyttenrauch - 23 May 2022 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: President, Americas
Signature: /s/ Udele Lin, on behalf of Gregory Hyttenrauch, by Power of Attorney
Issuer symbol: CTSH
Transactions as of: 23 May 2022
Net transactions value: -$73,923
Form type: 4
Filing time: 25 May 2022, 17:30:20 UTC
Previous filing: 05 Apr 2022
Next filing: 03 Jun 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		+1,830	+6.4%		30,555	23 May 2022	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	$62,285	-867	-2.8%	$71.84	29,688	23 May 2022	Direct	F3
transaction	CTSH	Class A Common Stock	Options Exercise		+342	+1.2%		30,030	23 May 2022	Direct	F2, F4
transaction	CTSH	Class A Common Stock	Tax liability	$11,638	-162	-0.54%	$71.84	29,868	23 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	-1,830	-13%	$0.000000	12,806	23 May 2022	Class A Common Stock	1,830		Direct	F2, F5
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-342	-17%	$0.000000	1,713	23 May 2022	Class A Common Stock	342		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 1/12th of the restricted stock unit ("RSU") award granted on February 23, 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	Shares of the Company's Class A Common Stock received from the vesting of 2/3rds of 1/8th of the RSU award granted on February 23, 2021.
F5	A total of 21,953 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in in quarterly installments over three years, commencing on May 23, 2021, with 1/12th of such RSUs vesting on each quarterly vesting date so that such RSUs will be fully vested on the twelfth quarterly vesting date (February 23, 2024.)
F6	A total of 4,116 RSUs were originally granted on February 23, 2021 under the Company's 2017 Incentive Award Plan and such originally granted amount began vesting in quarterly installments over three years, commencing on May 23, 2021, 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 successive four 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 such RSUs vesting on the twelfth vesting date (February 23, 2024.)