Lawande Sachin 4

What Happened
Sachin Lawande, a director of Cognex Corporation (CGNX), had 2,913 restricted stock units (RSUs) convert into 2,913 shares on February 21, 2026. The Form 4 reports 2,913 shares "acquired" at $0.00 (code M: exercise/conversion of derivative) and the same 2,913 shares "disposed" at $0.00. No cash value is reported for these line items in the filing.

Key Details

• Transaction date: 2026-02-21 (Form 4 filed 2026-02-24 — appears timely).
• Reported amounts/prices: 2,913 shares acquired @ $0.00; 2,913 shares disposed @ $0.00.
• Shares owned after transaction: not specified in the reported excerpt.
• Footnotes: F1 — each RSU converts to one share; F2 — these RSUs were granted 2/21/2023 and vest ~20%/30%/50% on the first, second, and third anniversaries. The 2,913-share conversion corresponds to the 50% (third-year) tranche, implying an original grant size of 5,826 RSUs.
• The equal acquisition and disposition of shares on the same date typically reflects share withholding or a sell-to-cover to satisfy tax obligations, though the filing does not explicitly state the method.

Context
This transaction reflects routine vesting/conversion of previously awarded RSUs rather than an open-market purchase or sale. Vesting and any share withholding for taxes are common and do not, by themselves, signal a buy/sell decision about the company’s stock.