Rajesh Varrier - 15 Mar 2025 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Signature
/s/ Kelli Arman, on behalf of Rajesh Varrier, by Power of Attorney
Issuer symbol
CTSH
Transactions as of
15 Mar 2025
Transactions value $
$-86,385
Form type
4
Filing time
18 Mar 2025, 16:39:31 UTC
Previous filing
05 Mar 2025
Next filing
17 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTSH Class A Common Stock Options Exercise +749 +78.4% 1,704 15 Mar 2025 Direct F1, F2
transaction CTSH Class A Common Stock Options Exercise +814 +47.8% 2,518 15 Mar 2025 Direct F2, F3
transaction CTSH Class A Common Stock Options Exercise +1,268 +50.4% 3,786 15 Mar 2025 Direct F4, F5
transaction CTSH Class A Common Stock Tax liability $-86,385 -1,093 -28.9% $79.04 2,693 15 Mar 2025 Direct F6

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 -749 -14.3% $0.000000 4,494 15 Mar 2025 Class A Common Stock 749 Direct F2, F7
transaction CTSH Restricted Stock Units Options Exercise $0 -814 -20% $0.000000 3,256 15 Mar 2025 Class A Common Stock 814 Direct F2, F8
transaction CTSH Performance Stock Units Options Exercise $0 -1,268 -100% $0.000000 0 15 Mar 2025 Class A Common Stock 1,268 Direct F4, F5
* 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 1/8th of the restricted stock unit ("RSU") award granted on September 3, 2024.
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 1/6th of the RSU award granted on September 3, 2024.
F4 Reflects the settlement, in shares of Class A Common Stock of the Company, of performance-based stock units ("PSUs"). The PSUs were originally granted on September 3, 2024, under the Company's 2023 Incentive Award Plan. The performance conditions were determined to be satisfied on March 3, 2025, and the PSUs as shown in Table II above were vested and settled in Class A Common Stock of the Company on March 15, 2025.
F5 Each PSU represents a contingent right to receive one share of Class A Common Stock of the Company.
F6 Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F7 A total of 5,991 RSUs were originally granted on September 3, 2024, under the Company's 2023 Incentive Award Plan and will vest in eight successive quarterly installments, with 1/8th of such RSUs first vesting on December 15, 2024, and each quarterly anniversary of such date so that such RSUs will be fully vested on the eighth quarterly vesting date (September 15, 2026).
F8 A total of 4,884 RSUs were originally granted on September 3, 2024 under the Company's 2023 Incentive Award Plan and will vest in ten successive quarterly installments, with (i) 1/6th of such RSUs vesting on each of December 15, 2024 and the quarterly anniversary of such date; (ii) 2/3rds of 1/6th of such RSUs vesting on each of the following four quarterly anniversaries of such date; (iii) 1/3rd of 1/6th of such RSUs vesting on each of the following three quarterly anniversaries of such date; and (iv) the remainder of such RSUs vesting on March 15, 2027.