Cognizant (CTSH) director sells 3,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Cognizant Technology Solutions director Michael Patsalos-Fox reported selling 3,000 shares of Class A common stock on January 5, 2026. The sale was coded as an open-market sale at a weighted average price of $81.9147 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2025. After this transaction, he directly beneficially owns 31,729 shares of Class A common stock.
In addition, he has indirect beneficial ownership of 6,775 shares of Class A common stock through PFOXFAMILY LLC. All membership interests of this LLC are held by a trust for the benefit of his children, with his spouse serving as co-trustee, indicating these shares are held for family estate-planning purposes.
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FAQ
What insider transaction did Cognizant (CTSH) report for Michael Patsalos-Fox?
Director Michael Patsalos-Fox reported an open-market sale of 3,000 shares of Class A common stock of Cognizant Technology Solutions on January 5, 2026.
At what price were the Cognizant (CTSH) shares sold by director Michael Patsalos-Fox?
The 3,000 shares were sold at a weighted average price of $81.9147 per share, with individual trade prices ranging from $81.15 to $82.71.
Was the Cognizant (CTSH) insider sale by Michael Patsalos-Fox under a Rule 10b5-1 plan?
Yes. The filing states that the sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Michael Patsalos-Fox on September 11, 2025.
How many Cognizant (CTSH) shares does Michael Patsalos-Fox own after the reported sale?
Following the sale, he directly beneficially owns 31,729 shares of Cognizant Class A common stock and indirectly beneficially owns 6,775 shares through PFOXFAMILY LLC.
What is PFOXFAMILY LLC in relation to the Cognizant (CTSH) Form 4 filing?
PFOXFAMILY LLC holds 6,775 Cognizant Class A shares indirectly attributed to Michael Patsalos-Fox. All membership interests of the LLC are held by a trust benefiting his children, with his spouse as co-trustee.
Who filed the Form 4 for the Cognizant (CTSH) insider transaction?
The Form 4 was filed for Michael Patsalos-Fox, a director of Cognizant Technology Solutions, and was signed /s/ Melissa Glass on his behalf under a power of attorney.