Singisetti Ravi Kumar 4

What Happened

• Ravi Singisetti, CEO of Cognizant Technology Solutions (CTSH), received shares from vested restricted stock units (RSUs) on Feb 16, 2026. The filing shows conversion/exercise of RSUs into common shares and that 3,072 shares were withheld to cover tax withholding, valued at $66.55 per share for a total of $204,442.
• The RSU conversion is reported as derivative transactions (code M) with a $0.00 exercise price (typical for RSUs). The net result: shares issued to Singisetti, with a portion withheld to satisfy taxes.

Key Details

• Transaction date: February 16, 2026; Form 4 filed Feb 18, 2026 (timely filing).
• Reported transactions: conversion/exercise of RSUs (5,777 shares reported in the filing) and tax withholding of 3,072 shares at $66.55/share (total withheld ≈ $204,442).
• Footnotes: RSUs were from a grant dated Feb 16, 2023; each RSU converts to one share. A total of 69,318 RSUs were originally granted on Feb 16, 2023 and the remainder fully vested on Feb 16, 2026. Shares were withheld to pay applicable taxes.
• Shares owned after the transaction: not stated in the provided filing extract.

Context

• RSUs = restricted stock units (a promise to deliver shares when vested); they typically convert to shares with no cash exercise price. The reported $0.00 exercise price and the separate tax-withholding entry indicate a standard vest-and-withhold transaction (not an open-market sale or purchase).
• Withholding shares to cover taxes is routine and does not necessarily signal buying or selling intent by the insider.