4/A: Cognizant Executive John Kim Amends Form 4 to Correctly Report Stock Ownership After Recent Transactions
SEC Form 4/A (Amendment)
Cognizant's CLO, CAO & Corporate Secretary, John Kim, files an amended Form 4 to correct a misreporting of Class A Common Stock ownership following a sale of shares and the vesting of restricted stock units.
Summary
- John Kim, CLO, CAO & Corporate Secretary of Cognizant Technology Solutions, filed an amended Form 4 with the SEC.
- The amendment corrects a misreporting in the original Form 4 regarding the number of Class A Common Stock shares beneficially owned.
- The reporting person sold 5,000 shares of Class A Common Stock on March 3, 2025, at a weighted average price of $83.5971 per share, under a 10b5-1 trading plan adopted on September 3, 2024.
- The amendment reflects an additional 1,600 shares of Class A Common Stock beneficially owned due to the vesting of Restricted Stock Units on March 1, 2025, which was previously reported on a separate Form 4 filed on March 4, 2025.
- Following the reported transactions, the reporting person beneficially owns 36,782 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock transactions are routinely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. Rule 10b5-1 plans are commonly used to allow insiders to sell shares without being accused of trading on non-public information.
Key Dates
| Date | Description |
|---|---|
| 2024-09-03 | Date of adoption of Rule 10b5-1 trading plan. |
| 2025-03-01 | Vesting date of Restricted Stock Units. |
| 2025-03-03 | Date of stock sale transaction. |
| 2025-03-04 | Date of original Form 4 filing regarding vesting of Restricted Stock Units. |
| 2025-03-05 | Date of original Form 4 filing that was amended. |
| 2025-03-18 | Date of amended Form 4 filing. |
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