Gummadi Surya 4

What Happened

• Surya Gummadi, President – Americas at Cognizant (CTSH), had restricted stock units (RSUs) convert into 1,383 shares on Feb 16, 2026 (754 + 629 shares).
• Of those, 736 shares were withheld to satisfy tax withholding at $66.55 per share, totaling about $48,981. Net shares retained by Gummadi from this vesting = 647 shares.
• This was not an open-market purchase or voluntary sale; it was vesting/conversion of previously granted RSUs with routine tax withholding.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (filed within typical 2‑business‑day window).
• Reported actions/codes: M = exercise/conversion of derivative (RSU → shares); F = shares withheld to pay taxes. Some lines show $0.00 for conversion (standard for RSU-to-share conversion).
• Shares acquired: 1,383 (754 + 629). Shares withheld for taxes: 736 @ $66.55 = $48,981. Net shares received: 647.
• Shares owned following the transaction: not disclosed in the provided data.
• Footnotes: these shares come from RSU grants dated Feb 16, 2023 that fully vested on Feb 16, 2026 (see F1–F5 for vesting schedule details).

Context

• This was a conversion of vested RSUs and a routine net-share withholding to cover tax obligations (a common practice, not an open-market sale).
• Vesting/withholding transactions generally reflect compensation vesting rather than a buy/sell decision; they shouldn't be read as a direct bullish or bearish signal by themselves.