Ayyar Balu Ganesh 4

What Happened

• Ayyar Balu Ganesh, President – APJ and ISG at Cognizant Technology Solutions (CTSH), had 848 restricted stock units (RSUs) vest on June 15, 2026. The Form 4 reports the conversion/exercise of a derivative (transaction code M) resulting in 848 shares being issued. The filing also shows 848 shares reported as disposed at $0.00, which is typically how share withholding or surrender in settlement of RSU vesting is reported (the filing itself does not state a cash sale).

Key Details

• Transaction date: 2026-06-15 (Form 4 filed 2026-06-17 — timely filing).
• Reported actions: conversion/exercise of derivative (M) for 848 shares (acquired) and a simultaneous reported disposition of 848 shares at $0.00.
• Shares owned after the transaction: not specified in the provided filing.
• Footnotes: The shares came from the vesting of 1/12th of an RSU grant made March 3, 2025 (original grant = 10,178 RSUs vesting quarterly over three years). Each RSU equals one share.
• Filing timeliness: Reported within two business days of the transaction (no late filing noted).

Context

• This is a routine equity-compensation vesting event, not an open-market purchase or cash sale. Such conversions and simultaneous $0.00 dispositions commonly reflect issuance of shares on vesting and surrender/withholding of shares to satisfy tax or settlement obligations, rather than a market trade indicating investment sentiment.