BILODEAU STEVEN J 4

What Happened

• Steven J. Bilodeau, a director of Cohu, Inc. (COHU), sold 11,105 shares of common stock in open-market transactions on February 20, 2026. The weighted-average sale price reported was $31.26 per share, for total proceeds of approximately $347,142. This was a sale (not a purchase); sales by insiders are often routine (e.g., for diversification or liquidity) and do not by themselves indicate a change in company fundamentals.

Key Details

• Transaction date: February 20, 2026 (filed Feb 23, 2026 — filing appears timely under standard 2-business-day rules).
• Price: weighted average $31.26; individual trade prices ranged from $31.23 to $31.40 (footnote F1).
• Shares sold: 11,105; proceeds: ~$347,142.
• Shares owned after transaction: not specified in the provided filing text. Footnote F2 states holdings include 10,257 Restricted Stock Units (RSUs) and 27,403 Deferred Stock Units (DSUs).
• Relevant footnotes:
  • F1: Sale occurred in multiple trades at prices $31.23–$31.40; weighted average shown. Detailed per-trade breakdown is available on request to the SEC, issuer, or a security holder.
  • F2: RSUs represent contingent rights to one share upon vesting (subject to continued board service). DSUs equal one share and will be settled in stock upon the director’s termination of service or at specified future dates.

Context

• This was an open-market sale by a director, not an option exercise or award issuance. RSUs and DSUs noted in the filing are deferred/director compensation vehicles that convert to stock later and do not necessarily reflect immediate economic ownership.
• For retail investors: insider purchases generally carry more direct signal than routine director sales, but tracking insider activity over time can still be useful for context.