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Cognizant director reports sale and family trust holdings on Form 4

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Michael Patsalos-Fox, a Cognizant (CTSH) director, reported a sale of 6,965 shares of Class A common stock on 08/28/2025 at a price of $72.48 per share. After the sale he directly beneficially owns 54,729 shares. He also reports indirect ownership of 6,775 shares held by PFOXFAMILY LLC, whose membership interests are held in a trust for the reporting person’s children with his spouse as co-trustee.

The Form 4 was signed by an authorized representative on 09/02/2025. No derivative transactions were reported and no other changes to holdings are disclosed in this filing.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Director sold a modest block of shares, disclosed indirect family trust holdings; routine insider reporting, not clearly material.

The filing shows a straightforward open-market sale of 6,965 Class A shares at $72.48, reducing the reporting person’s direct stake to 54,729 shares while maintaining indirect holdings via a family trust (6,775 shares). The disclosure of the trust and co-trustee relationship is appropriate for transparency and helps clarify potential indirect influence. There are no derivative transactions or additional governance actions noted. From a governance standpoint, this appears to be a routine liquidity event rather than a corporate-control or related-party change.

TL;DR: Insider sale recorded; transaction size appears modest relative to typical director holdings and unlikely to be materially impactful to investors.

The reported sale at $72.48 removes 6,965 shares from direct beneficial ownership. Without information on total outstanding shares or prior filing history in this document, materiality relative to overall insider holdings and market impact cannot be established from this Form 4 alone. The presence of 6,775 indirectly held shares in a family trust is noted, but the filing contains no derivatives or additional dispositions that would change leverage or exposure. Timely filing by power of attorney is also recorded.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Patsalos-Fox Michael

(Last) (First) (Middle)
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
300 FRANK W. BURR BLVD., STE. 36, 6 FL.

(Street)
TEANECK NJ 07666

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COGNIZANT TECHNOLOGY SOLUTIONS CORP [ CTSH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/28/2025 S 6,965 D $72.48 54,729 D
Class A Common Stock 6,775 I PFOXFAMILY LLC(1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. All of the membership interests of the PFOXFAMILY LLC are held by a trust for the benefit of the Reporting Person's children and for which the Reporting Person's spouse is the co-trustee.
Remarks:
/s/ Kelli Arman, on behalf of Michael Patsalos-Fox, by Power of Attorney 09/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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