Form 4: Cognizant Director Patsalos-Fox Sells 3,225 Shares of Class A Common Stock
SEC Form 4 Filing
Director Michael Patsalos-Fox sold 3,225 shares of Cognizant Technology Solutions Corp Class A Common Stock at a weighted average price of $78.7186 on March 14, 2025.
Summary
- On March 14, 2025, Michael Patsalos-Fox, a director of Cognizant Technology Solutions Corp, sold 3,225 shares of Class A Common Stock.
- The sale was executed at a weighted average price of $78.7186 per share.
- Following the transaction, Patsalos-Fox directly owns 58,277 shares of Class A Common Stock.
- Additionally, Patsalos-Fox indirectly owns 6,775 shares through PFOXFAMILY LLC, where his spouse is the co-trustee for a trust benefiting his children.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of a stock sale by a company director. It doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the stock's valuation and future prospects. However, one director selling a small number of shares is unlikely to have a significant impact on the company's overall performance or stock price.
Stakeholder Impact
- The sale of shares by a director could have a minor psychological impact on shareholders, but the limited number of shares sold suggests the impact will be minimal.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Sale of 3,225 shares of Class A Common Stock. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
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