MACDONALD LAURA ANN 4

What Happened
Laura Ann MacDonald, Vice President and Principal Accounting Officer of Cognex (CGNX), exercised multiple stock options between May 11–12, 2026 and immediately sold most of the resulting shares in open-market transactions. She acquired about 137,510 shares through option exercises (exercise costs ≈ $6,716,746) and sold ~139,722 shares for total proceeds of ≈ $9,282,195. The transactions produced roughly $2.57M in gross proceeds after exercise costs (before taxes/fees).

Key Details

• Transaction dates: May 11–12, 2026. Sales prices were mostly $66.80 (May 11) and $65.56 (May 12). Exercise prices ranged from $33.04 to $56.44 across option grants.
• Shares acquired by exercise: ~137,510 (total exercise cash paid ≈ $6.72M). Shares sold: ~139,722 (total proceeds ≈ $9.28M).
• Some lines in the filing show $0.00 disposals for the options — these reflect conversion/cancellation of the derivative option instruments upon exercise.
• Footnote F1: Certain securities are held by the reporting person’s child; the reporting person disclaims beneficial ownership except for pecuniary interest. Footnotes F2–F8 describe vesting schedules for the various option grants (grants from 2018–2025 with multi‑year vesting or cliff vesting as noted).
• Filing: Reported period 2026-05-11 and filed 2026-05-12 (filed the next day, within the usual 2-business-day Form 4 window).

Context
These transactions are option exercises followed by immediate open-market sales (a common “exercise-and-sell” or cashless pattern) rather than outright purchases of new shares as a bullish signal. The filing is factual disclosure of insider activity; it does not state the insider’s motivation and should be considered informational for investors monitoring insider selling and option exercises.