Form 4: Cognizant Director Sells Shares Under 10b5-1 Plan

Cognizant Technology Solutions Director Michael Patsalos-Fox sold 7,000 shares of Class A Common Stock in pre-planned transactions.

Summary

• Michael Patsalos-Fox, a Director at Cognizant Technology Solutions Corp (CTSH), sold a total of 7,000 shares of Class A Common Stock.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025.
• On December 22, 2025, 3,000 shares were sold at a weighted average price of $85.154 per share, with prices ranging from $84.86 to $85.41.
• On December 24, 2025, an additional 4,000 shares were sold at a weighted average price of $85.2971 per share, with prices ranging from $85.05 to $85.50.
• Following these transactions, Michael Patsalos-Fox directly beneficially owns 37,729 shares of Class A Common Stock.
• Additionally, 6,775 shares are indirectly beneficially owned through PFOXFAMILY LLC.

Sentiment

Score: 5

Explanation: Neutral. The sale is a pre-planned transaction under a Rule 10b5-1 plan, indicating it is not a discretionary sale based on new information, thus mitigating any negative sentiment typically associated with insider selling.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Indirect beneficial ownership of 6,775 Class A Common Stock shares through PFOXFAMILY LLC, where all membership interests are held by a trust for the benefit of the Reporting Person's children and the Reporting Person's spouse is the co-trustee.

Stakeholder Impact

• Shareholders: Awareness of a director's planned stock sales, which are part of a pre-arranged trading plan and not indicative of new company-specific information or a change in management's outlook.

Key Dates

Recommendation

The filing reports a pre-planned insider sale under a Rule 10b5-1 plan, which is a routine event for executives managing their personal portfolios. It does not provide new fundamental information about Cognizant Technology Solutions Corp (CTSH) that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the transaction itself is neutral.

Keywords

Cognizant Technology Solutions, CTSH, Insider Sale, Form 4, Michael Patsalos-Fox, 10b5-1 Plan, Director Transaction