SUN ANTHONY 4

What Happened
Sun Anthony, a director of Cognex Corporation (CGNX), reported the conversion of 2,913 restricted stock units (derivative security) into 2,913 shares on February 21, 2026. The Form 4 shows an acquisition of 2,913 shares at $0.00 and a simultaneous derivative disposition of 2,913 shares at $0.00, so no cash value is listed for the transactions.

Key Details

• Transaction date: February 21, 2026; Form filed February 24, 2026.
• Reported transactions: M (exercise/conversion of derivative) — 2,913 shares acquired at $0.00 and 2,913 shares disposed at $0.00. Total reported cash value: $0.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Reporting person is a member of Sun Management Associates, LLC and disclaims beneficial ownership except to extent of pecuniary interest.
  • F2: Each unit is a restricted stock unit (RSU) representing a contingent right to one share.
  • F3: RSUs vest roughly 20%/30%/50% on the 1st/2nd/3rd anniversaries of the Feb 21, 2023 grant date (this conversion aligns with that schedule).
• No explicit indication in the provided excerpt that this was a cashless sale, tax-withholding disposition, or a late filing; the filing date is Feb 24 for a Feb 21 transaction.

Context
The M code denotes an exercise or conversion of a derivative security — in this case, RSUs converting into common stock at no cash price. The filing shows a matching acquisition and derivative disposition of the same number of shares; the Form 4 does not disclose cash proceeds here. For retail investors, RSU vesting and conversions are routine compensation events and do not by themselves indicate insider buying or selling intent.