Gregory Hyttenrauch - 23 May 2021 Form 4 Insider Report for COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)

Role: President, North America
Signature: /s/ Bryan Jenkins, on behalf of Gregory Hyttenrauch, by Power of Attorney
Issuer symbol: CTSH
Transactions as of: 23 May 2021
Net transactions value: -$78,364
Form type: 4
Filing time: 25 May 2021, 18:03:14 UTC
Next filing: 08 Jun 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		+1,829	+14%		14,529	23 May 2021	Direct	F1, F2
transaction	CTSH	Class A Common Stock	Tax liability	$61,124	-858	-5.9%	$71.24	13,671	23 May 2021	Direct	F3
transaction	CTSH	Class A Common Stock	Options Exercise		+515	+3.8%		14,186	23 May 2021	Direct	F2, F4
transaction	CTSH	Class A Common Stock	Tax liability	$17,240	-242	-1.7%	$71.24	13,944	23 May 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	-1,829	-8.3%	$0.000000	20,124	23 May 2021	Class A Common Stock	1,829		Direct	F2, F5
transaction	CTSH	Restricted Stock Units	Options Exercise	$0	-515	-13%	$0.000000	3,601	23 May 2021	Class A Common Stock	515		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 1/8th of the RSU award granted on on February 23, 2021.
F5	The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on February 23, 2024.
F6	The RSUs were granted on February 23, 2021 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on May 23, 2021, with (i) 1/8th of the RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/8th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date. The RSUs will be fully vested on February 23, 2024.