Cognizant director reports sale and family trust holdings on Form 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.