Ayyar Balu Ganesh 4

What Happened

• Ayyar Balu Ganesh, President – IOA & ISG at Cognizant (CTSH), had restricted stock units (RSUs) convert into 1,068 shares of Class A common stock on February 16, 2026. The Form 4 reports two derivative-conversion transactions totaling 1,068 shares (1,005 + 63). No cash was paid and no open-market sale was reported — these shares were issued on vesting.

Key Details

• Transaction date: 2026-02-16 (reported on Form 4 filed 2026-02-18).
• Reported entries: conversion/exercise of derivative (code M) for 1,005 and 63 shares. Acquired price shown as N/A; the derivative entries disposed at $0.00 reflect conversion of the RSU into common stock (not a cash sale).
• Total shares received: 1,068 shares.
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: these shares were issued from RSU awards granted Feb 16, 2023. Each RSU equals one share. The referenced grants (12,055 RSUs and 1,506 RSUs originally) had been vesting quarterly and became fully vested on Feb 16, 2026 (see footnotes F1–F4).
• Timeliness: filing appears timely (transaction 2/16/2026, Form 4 filed 2/18/2026). No 10b5‑1 plan or tax-withholding sale was disclosed in this filing.

Context

• This filing reflects RSUs vesting and converting into common shares (derivative conversion), not a buy or an open-market sale. Such conversions are routine compensation-related events and do not, by themselves, indicate insider buying or selling sentiment.