Cognizant (CTSH) director sells 3,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
Cognizant Technology Solutions director Michael Patsalos-Fox reported selling 3,000 shares of Class A common stock on January 5, 2026. The sale was coded as an open-market sale at a weighted average price of $81.9147 per share, executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2025. After this transaction, he directly beneficially owns 31,729 shares of Class A common stock.
In addition, he has indirect beneficial ownership of 6,775 shares of Class A common stock through PFOXFAMILY LLC. All membership interests of this LLC are held by a trust for the benefit of his children, with his spouse serving as co-trustee, indicating these shares are held for family estate-planning purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,000 | $81.9147 | $246K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 11, 2025. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $81.15 to $82.71, inclusive. The reporting person undertakes to provide to Cognizant Technology Solutions Corporation (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. All of the membership interests of the PFOXFAMILY LLC are held by a trust for the benefit of the reporting person's children and for which the reporting person's spouse is the co-trustee.
FAQ
What insider transaction did Cognizant (CTSH) report for Michael Patsalos-Fox?
Director Michael Patsalos-Fox reported an open-market sale of 3,000 shares of Class A common stock of Cognizant Technology Solutions on January 5, 2026.
Was the Cognizant (CTSH) insider sale by Michael Patsalos-Fox under a Rule 10b5-1 plan?
Yes. The filing states that the sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Michael Patsalos-Fox on September 11, 2025.
What is PFOXFAMILY LLC in relation to the Cognizant (CTSH) Form 4 filing?
PFOXFAMILY LLC holds 6,775 Cognizant Class A shares indirectly attributed to Michael Patsalos-Fox. All membership interests of the LLC are held by a trust benefiting his children, with his spouse as co-trustee.
Who filed the Form 4 for the Cognizant (CTSH) insider transaction?
The Form 4 was filed for Michael Patsalos-Fox, a director of Cognizant Technology Solutions, and was signed /s/ Melissa Glass on his behalf under a power of attorney.