Singisetti Ravi Kumar 4

What Happened

• Cognizant CEO Ravi Kumar Singisetti had restricted stock units (RSUs) and performance stock units (PSUs) convert into 69,081 shares of Class A common stock on March 15, 2026 (5,988 RSUs and 63,093 PSUs). Of those shares, 36,448 were withheld to cover taxes at $60.37 per share, representing proceeds of approximately $2,200,366. The net shares delivered to him were about 32,633.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
• Actions reported: conversion/exercise of derivatives (code M) for 5,988 and 63,093 shares; shares withheld for tax payment (code F) of 36,448 shares at $60.37 each ( ~$2.20M).
• Net shares received by insider: ~32,633 (69,081 gross − 36,448 withheld).
• Shares owned after transaction: not provided in the excerpt of the filing.
• Relevant footnotes: RSUs represent 1/12th quarterly vesting of a March 3, 2025 grant (5,988 = 1/12th of 71,847); PSUs were performance-settled following determination of partial payout on Feb 25, 2026; withheld shares used to pay applicable taxes.
• Timeliness: Filing date is two days after the transaction date (filed Mar 17 for Mar 15 transactions); no late-filing flag shown in the provided data.

Context

• Code M entries reflect conversion/settlement of restricted and performance units into shares (not a market buy). The F entry indicates a cashless-like settlement step where shares are withheld to satisfy tax obligations—this is routine when awards vest and does not reflect an open-market sale or a discretionary sale by the insider.
• This is an award/vesting event (company compensation being paid out), not a traditional insider purchase or open-market sale; such vesting is common and typically reflects prior grants rather than a new bullish/bearish signal.