Lawande Sachin 4

What Happened

• Sachin Lawande, a director of Cognex Corporation (CGNX), reported a grant and derivative conversions. On Feb 17, 2026 he was recorded as acquiring 4,817 restricted stock units (RSUs) (no cash value). On Feb 18, 2026 he reported the conversion/exercise of 8,324 derivative units into shares (acquired) and a simultaneous reported disposition of 8,324 shares; both derivative transactions were reported at $0.00.
• These are awards and conversions, not open-market purchases. There was no cash purchase reported, so this filing does not indicate an outright personal buy (a typical bullish signal).

Key Details

• Transaction dates and types: 2026-02-17 — Grant/Award (A) of 4,817 RSUs; 2026-02-18 — Exercise/conversion of derivative (M) acquiring 8,324 shares and a matching reported disposition of 8,324 shares (both at $0.00).
• Shares owned after the transactions: not disclosed in the provided filing details.
• Important footnotes: F1 — each RSU represents a contingent right to one share; F2 — a prior RSU grant vests 100% on Feb 18, 2025 (relevant to the Feb 18, 2026 conversion); F3 — the RSUs granted Feb 17, 2025 vest 100% on Feb 17, 2026.
• Filing timeliness: Form 4 was filed Feb 19, 2026 for transactions on Feb 17–18, 2026 (within the usual 2-business-day reporting window).

Context

• For retail investors: these entries mainly reflect awards and the conversion/settlement of derivative awards (e.g., RSUs or similar) rather than open-market buying or selling for cash. Conversions and reported dispositions can reflect routine vesting, tax withholding, or company plan mechanics; the filing itself does not explain the reason for the disposition.