Lee John Tseng-Chung 4

What Happened
Lee John Tseng-Chung, a director of Cognex Corporation (CGNX), reported a conversion/exercise of derivative instruments and a grant/award of restricted stock units. The filing shows: an exercise/conversion on 2026-02-18 of 8,324 shares (acquired at $0) with a matching 8,324-share disposition entry (also at $0, recorded as a derivative), and a grant/award on 2026-02-17 of 4,817 restricted stock units (RSUs) recorded at $0. These were not open‑market purchases or sales at a cash price in the filing — they reflect conversion/award activity.

Key Details

• Transactions and prices:
  • 2026-02-18 — Exercise/conversion of derivative (code M): 8,324 shares acquired @ $0.
  • 2026-02-18 — Exercise/conversion (code M): 8,324 shares disposed @ $0 (listed as a derivative disposition).
  • 2026-02-17 — Grant/award (code A): 4,817 RSUs acquired @ $0.
• Shares owned after the transaction: Not reported in the provided filing.
• Footnotes provided in the filing:
  • F1: Each restricted stock unit represents a contingent right to receive one share of Cognex common stock.
  • F2: Certain RSUs vest 100% on the first anniversary of the grant date (Feb 18, 2025).
  • F3: Certain RSUs vest 100% on the first anniversary of the grant date (Feb 17, 2026).
• Timeliness: Filing date 2026-02-19 for transactions on 2026-02-17 and 2026-02-18 appears to meet Form 4 timing (generally due within two business days).

Context

• Code meanings: M = exercise or conversion of a derivative; A = award/grant. The filing records both the acquisition and disposition of 8,324 derivative shares on the same date at $0; the document does not report cash proceeds or an open-market sale price.
• RSUs are compensation awards (not purchases) and vest according to the noted schedules; they do not alone indicate insider sentiment about the stock.
• This report reflects director compensation and derivative conversion activity rather than a routine market buy or sell.