Gerst Carl

Gerst Carl, EVP of Vision & ID Products at Cognex Corporation (CGNX), has demonstrated a consistent pattern of selling company stock over the past three years, with no recorded purchases in SEC filings. Since 2024, Carl has executed 27 transactions—all sales or derivative dispositions—totaling $2.09 million in value. The most recent activity, concentrated in February 2026, included three open-market sales: $212,979 on February 20, $589,042 on February 23, and smaller dispositions tied to tax withholding or option exercises. This follows a similar pattern in February 2025, when Carl sold $373,526 worth of shares across two transactions ($150,897 and $222,630) alongside smaller derivative settlements. Carl’s trading history reveals a focus on Cognex as his sole reported equity holding, with sales occurring annually around February—a timing that often coincides with vesting schedules or tax-planning windows. The largest single sale in the dataset was $274,923 in March 2024, though the 2026 disposals have been more frequent and higher in aggregate value. Notably, derivative transactions (coded "F" and "M") appear routine, involving negligible dollar amounts and likely representing option exercises or tax obligations. The absence of buying activity and the repeated liquidation of holdings suggest a long-term reduction in Carl’s stake in Cognex, though the filings do not indicate whether the sales represent portfolio rebalancing or other financial strategies.