Theodor Krantz - Feb 2, 2023 Form 4 Insider Report for COGNEX CORP (CGNX)

Role: Director
Signature: Theodor Krantz
Stock symbol: CGNX
Transactions as of: Feb 2, 2023
Transactions value $: -$5,840
Form type: 4
Date filed: 2/6/2023, 03:04 PM
Previous filing: Feb 3, 2023
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CGNX	Common Stock	Options Exercise	$587K	+10.4K	+29.3%	$56.44	45.9K	Feb 2, 2023	Direct	F1
transaction	CGNX	Common Stock	Sale	-$593K	-10.4K	-22.66%	$57.00	35.5K	Feb 2, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CGNX	Non-Qualified Stock Option (right to buy)	Options Exercise	$0	-10.4K	-80%	$0.00	2.6K	Feb 2, 2023	Common Stock	10.4K	$56.44	Direct	F1, F3
holding	CGNX	Non-Qualified Stock Option (right to buy)						13.8K	Feb 2, 2023	Common Stock	13.8K	$50.94	Direct	F4
holding	CGNX	Non-Qualified Stock Option (right to buy)						10.4K	Feb 2, 2023	Common Stock	10.4K	$51.49	Direct	F5
holding	CGNX	Restricted Stock Unit						2.43K	Feb 2, 2023	Common Stock	2.43K	$0.00	Direct	F6, F7
holding	CGNX	Restricted Stock Unit						4.27K	Feb 2, 2023	Common Stock	4.27K	$0.00	Direct	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These stock option exercises were effected pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
F2	These shares were disposed of in an open market sale pursuant to a trading plan adopted by the reporting person in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
F3	The options vest in five equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 20, 2018).
F4	The options vest in five equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 18, 2020).
F5	The options vest in five equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 19, 2019).
F6	The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 16, 2021), respectively.
F7	Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock.
F8	The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 22, 2022), respectively.