Becky Schmitt - 01 Jun 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: 01 Jun 2022
Net transactions value: -$8,531
Form type: 4
Filing time: 03 Jun 2022, 18:50:45 UTC
Previous filing: 25 May 2022
Next filing: 05 Aug 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		+97	+0.3%		32,402	01 Jun 2022	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	$3,412	-46	-0.14%	$74.18	32,356	01 Jun 2022	Direct	F3
transaction	CTSH	Class A Common Stock	Options Exercise		+146	+0.45%		32,502	01 Jun 2022	Direct	F2, F4
transaction	CTSH	Class A Common Stock	Tax liability	$5,118	-69	-0.21%	$74.18	32,433	01 Jun 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	-97	-8.3%	$0.000000	1,068	01 Jun 2022	Class A Common Stock	97		Direct	F2, F5
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-146	-13%	$0.000000	1,019	01 Jun 2022	Class A Common Stock	146		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 March 1, 2022.
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 1/8th of the RSU award granted on March 1, 2022.
F5	A total of 1,165 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.)
F6	A total of 1,165 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.)