[144] Cognizant Technology Solutions SEC Filing

Rhea-AI Filing Summary

AT&T Inc. (ticker T) – Form 4 insider transaction

Director Cindy B. Taylor reported one transaction dated 31 Jul 2025 under the company’s Non-Employee Director Stock & Deferral Plan:

• 1,994.072 Deferred Stock Units (DSUs) acquired (code A) at a reference price of $27.41 per unit.
• DSUs convert to cash equal to one AT&T common share after board service ends; therefore they are economically equivalent to common stock but carry no current voting rights.
• Post-transaction indirect holdings total 198,958.0816 DSUs held through the benefit plan.
• Separately, the director continues to hold 5,718 common shares and 320 depositary shares representing Series C 4.750 % preferred stock.

No common-share sales occurred, and the filing does not indicate open-market purchases. The DSU accrual reflects routine board compensation rather than a discretionary purchase, so market impact is expected to be minimal.

Positive

• Director increased economic exposure via 1,994.072 additional DSUs, modestly reinforcing long-term alignment with shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine board DSU grant; negligible ownership change, neutral market impact.

The acquisition of ~2k DSUs is standard compensation under AT&T’s director plan. It lifts Taylor’s indirect stake by roughly 1 %, keeping total economic exposure below $6 m, immaterial versus AT&T’s >$120 bn market cap. Absence of open-market buying or selling signals neither bullish nor bearish sentiment. Investors typically disregard such automatic grants when assessing insider activity.

Corporate Governance Expert

TL;DR: Grant aligns director interests; no red flags detected.

Deferred units defer cash yet mirror share value, reinforcing long-term alignment with shareholders. Continual accumulation without sales is modestly positive for governance optics, but magnitude is too small to influence control or voting dynamics. Compliance appears proper; no 10b5-1 plan checkbox marked, implying direct plan-based issuance.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5600	399743.68	488395937	08/04/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/01/2025	Restricted Stock	Issuer			1752	03/01/2025	Not Applicable
Common	02/15/2025	Restricted Stock	Issuer			1368	02/15/2025	Not Applicable
Common	02/16/2025	Restricted Stock	Issuer			1322	02/16/2025	Not Applicable
Common	05/15/2025	Restricted Stock	Issuer			1061	05/15/2025	Not Applicable
Common	09/01/2024	Restricted Stock	Issuer			97	09/01/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many AT&T deferred stock units did director Cindy B. Taylor acquire?

1,994.072 DSUs were granted on 31 Jul 2025.

What is Cindy B. Taylor’s total indirect AT&T DSU holding after the transaction?

She now indirectly holds 198,958.0816 DSUs through the benefit plan.

Did the AT&T director buy or sell common shares in this Form 4?

No common shares were bought or sold; only DSUs were acquired.

At what reference price were the new AT&T DSUs recorded?

The units were valued at $27.41 each.

Does this Form 4 filing signal a major insider purchase for AT&T (T)?

No; it documents a routine director compensation grant with minimal market impact.