Dalal Jatin P 4

What Happened

• Jatin P. Dalal, Chief Financial Officer of Cognizant Technology Solutions (CTSH), received 6,448 shares upon conversion/vesting of restricted stock units (RSUs) on June 1, 2026. Of those, 3,511 shares were withheld to satisfy tax withholding at an effective value of $55.76 per share, totaling $195,773. The RSU conversions are reported as derivative exercises (code M) and the withholding as payment of tax liability (code F). Exercise/conversion price for the RSUs was $0.00 (typical for RSU vesting). Net shares issued to Dalal after withholding: 2,937.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed timely).
• Gross shares vesting: 6,448 (1,965 + 2,955 + 1,528).
• Shares withheld for taxes: 3,511 at $55.76/share = $195,773.
• Net shares delivered to insider: 2,937.
• Footnotes: Vesting came from three RSU awards — 23,572 RSUs (granted 2/28/2024, quarterly vesting over 3 years), 35,463 RSUs (granted 2/25/2026, quarterly vesting over 3 years), and 12,228 RSUs (granted 2/25/2026 with a staged 1/8th-based schedule). Each RSU converts to one share on vesting.
• Transaction codes: M = exercise/conversion of derivative (RSU → shares); F = shares withheld to pay tax liability.

Context

• This was not an open-market purchase or sale signaling a trading view; it reflects routine RSU vesting and standard cashless tax withholding. For options/derivative items like RSUs, "exercise/conversion" simply means the contingent right converted into company shares on the vesting date. The filing appears timely (reported within the required window).