Gummadi Surya 4

What Happened Surya Gummadi, President — Americas of Cognizant Technology Solutions (CTSH), received a total of 1,805 shares when RSUs vested on March 1, 2026 (1,168 shares from one award and 637 shares from another). Of those vested shares, 887 shares were withheld to cover tax obligations at $64.43 per share, totaling $57,149. The RSUs converted to common shares (derivative-to-stock settlement), with exercise/conversion entries shown at $0.00 consistent with RSU settlement.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026.
• Shares vested/issued: 1,805 total (1,168 + 637).
• Shares withheld for taxes: 887 shares at $64.43/share = $57,149.
• Net shares delivered to insider: 1,805 − 887 = 918 shares (net increase).
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = tax withholding via share surrender.
• Shares owned after transaction: not specified in the filing.
• Footnotes: These shares come from two RSU awards granted Feb 28, 2024 — one 14,016-RSU grant vesting 1/12th quarterly, and one 7,645-RSU grant with a more complex staged vesting schedule (see filing for full schedule).

Context These transactions are routine RSU vesting and a common cashless withholding to cover payroll taxes (not an open-market sale or purchase). RSUs convert into shares with no exercise price; the filing shows conversion entries at $0.00 and separate withholding to satisfy tax liability. This type of filing is typically administrative and does not by itself signal insider buying or selling intent.