Moschner Matthew 4

What Happened
Matthew Moschner, CEO, President and a director of Cognex (CGNX), had restricted stock units (RSUs) vest on Feb 20–21, 2026. A total of 6,537 RSUs converted into the same number of shares (exercise/conversion at $0.00 per share). To satisfy tax withholding obligations, 1,919 shares were withheld and reported as dispositions at $56.03 per share (total withheld value ≈ $107,522), leaving a net receipt of 4,618 shares (value of retained shares ≈ $258,747 using $56.03/share).

Key Details

• Transaction dates: Feb 20, 2026 and Feb 21, 2026.
• Conversion/exercise price: $0.00 (these were RSUs converting to shares).
• Tax-withheld dispositions: 893 shares @ $56.03 = $50,035 and 1,026 shares @ $56.03 = $57,487 (total ≈ $107,522).
• Total RSUs vested/converted: 6,537 shares; net shares received after withholding: 4,618.
• Footnotes: F1–F2 confirm the withheld shares satisfy tax withholding on the RSUs vesting on Feb 20 and Feb 21; F3 clarifies each RSU equals one share; F4–F5 show the RSU vesting schedules from grants dated Feb 21, 2023 and Feb 20, 2024 (20%/30%/50% annual tranches).
• Filing timeliness: Report filed Feb 24, 2026 (timely within the two-business-day requirement for transactions on Feb 20–21).

Context
These entries reflect RSU vesting and the standard “share withholding” to cover tax obligations, not an open-market sell for cash. The $0 exercise price and the footnotes identify the instruments as RSUs (not option purchases). Such withholding is routine and does not necessarily indicate a change in the insider’s view of the company.