Kerdman Alina 4

What Happened
Alina Kerdman, SVP, Controller & CAO of Cognizant Technology Solutions (CTSH), had 207 restricted stock units (RSUs) vest on April 1, 2026 (conversion/exercise), of which 70 shares were withheld to satisfy taxes (value ~$4,295). Following the vesting, 194 shares were sold in an open-market transaction on April 2, 2026 at $61.29 per share for proceeds of $11,890. The RSU conversion and related disposition are reported on the Form 4.

Key Details

• Transaction dates/prices:
  • Apr 1, 2026: 207 RSUs vested (conversion/derivative event).
  • Apr 1, 2026: 70 shares withheld for taxes at $61.35 (tax withholding; ~$4,295).
  • Apr 2, 2026: 194 shares sold open market at $61.29 ($11,890).
• Sale execution: The open-market sale was executed under a Rule 10b5-1 trading plan adopted Aug 19, 2025 (footnote F5).
• RSU plan details: The shares arose from the vesting of part of a July 1, 2025 RSU grant (footnotes F1, F6); each RSU equals one share (F2).
• Other note: Filing includes reference to 307 shares acquired Mar 31, 2026 under the ESPP (F3).
• Shares owned after transaction: Not specified in the excerpt of the Form 4 provided.
• Timeliness: Report covers transactions on Apr 1–2, 2026 and was filed Apr 3, 2026 (no late filing flag indicated).

Context
This was a routine vesting and follow-up disposition: RSUs vested (converted to shares), some were withheld to cover taxes (a cashless tax withholding), and remaining shares were sold under a pre-established 10b5-1 plan. Such sales are commonly used for tax or diversification purposes and do not, by themselves, indicate management sentiment about the company.