MACDONALD LAURA ANN 4

What Happened
Laura Ann MacDonald, Vice President and PAO of Cognex Corp (CGNX), exercised stock options and sold a total of 14,881 shares on Feb 12, 2026. She exercised 12,500 options at $38.39 each (cash paid $479,875) and sold 12,500 of those shares at $57.27 ($715,884). She also sold an additional 2,381 shares at $56.56 ($134,669). Total proceeds from the sales were about $850,553. The transactions include option exercises (acquisitions) and open-market sales; the sales appear to have been executed under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-02-12. Prices and amounts:
  • Exercised 12,500 options at $38.39 each — cost $479,875 (reported as acquisition).
  • Sold 12,500 shares at $57.27 — proceeds $715,884.
  • Sold 2,381 shares at $56.56 — proceeds $134,669.
• Total proceeds from reported sales: ~$850,553.
• Shares owned after the transactions: Not specified in the filing provided.
• Footnotes: Sales and option exercises were made pursuant to a Rule 10b5-1 trading plan (F1, F2). A footnote (F3) indicates some reported shares are held by the reporting person’s child and the reporting person disclaims beneficial ownership except for any pecuniary interest.
• Filing timeliness: No late filing was indicated in the information provided.

Context
Because MacDonald both exercised options and sold shares the same day, the activity resembles a partial cashless exercise (exercise followed by sale). The presence of a Rule 10b5-1 plan typically means the trades were pre-arranged under an automatic schedule, which is common for insiders and reduces the likelihood that these sales were opportunistic market-timing. As always, sales by executives can be routine (tax or diversification) and do not by themselves indicate a change in company outlook.