SUN ANTHONY 4
Research Summary
AI-generated summary
Cognex (CGNX) Director Anthony Sun Exercises Derivatives, Receives RSUs
What Happened
- Anthony Sun, a director of Cognex Corporation, reported two types of insider transactions in a Form 4 covering Feb 17–18, 2026. On Feb 17, 2026 he was reported as the recipient of 4,817 restricted stock units (RSUs) (grant, code A). On Feb 18, 2026 the filing shows a conversion/exercise of derivative securities for 8,324 shares (code M) that were both reported as acquired and disposed on that same date. All transactions are reported at $0.00 per share (no cash price reported).
Key Details
- Transaction dates: RSU grant on 2026-02-17; derivative exercise/conversion (acquired and disposed) on 2026-02-18. Reported prices: $0.00 for all items.
- Shares involved: 4,817 RSUs granted; 8,324 derivative shares exercised/converted (acquired and disposed same day). Total cash value not reported (all $0.00).
- Shares owned after transaction: not specified in the information provided in your summary.
- Notable footnotes:
- F1: Sun is a member of Sun Management Associates, LLC and disclaims beneficial ownership except to the extent of his pecuniary interest.
- F2: Each RSU represents a contingent right to receive one share.
- F3/F4: The filing notes RSU vesting schedules — one grant vests 100% on the first anniversary (Feb 18, 2025) and another vests 100% on the first anniversary (Feb 17, 2026) per the footnotes.
- Filing timeliness: The Form 4 was filed on 2026-02-19 for transactions on Feb 17–18, 2026; this appears to be timely (filed within the Section 16 reporting window).
Context
- The M (exercise/conversion) entries show both acquisition and disposition of 8,324 derivative shares on the same day. The filing does not specify the nature of the disposition (sale, transfer, or other), so no proceeds or cash value are provided here.
- The RSU grant is an award (not an open-market purchase) and represents a contingent right to future shares that vest per the stated schedule; awards do not by themselves indicate buying or selling sentiment.