Tetraisocyanide complex Co(CNAr Mes2 ) 4 (Ar Mes2 = 2,6-(2,4,6-Me 3 C 6 H 2 ) 2 C 6 H 3 ) serves as a crystallographically characterized, thermally stable isocyano analogue of the reactive binary carbonyl Co(CO) 4 . The enhanced stability of Co(CNAr Mes2 ) 4 allows for a systematic investigation of its reactivity profile in an operationally convenient manner, which is not possible for transient Co(CO) 4 . Zerovalent Co(CNAr Mes2 ) 4 undergoes ligand exchange reactions with a variety of 2e − donor, L-type ligands, including triphenylphosphine, tert-butylethylene, and phenylacetylene. Kinetic studies of ligand substitution of Co(CNAr Mes2 ) 4 with phenylacetylene using UV−vis spectroscopy indicates an associative reaction mechanism. This is consistent with the mechanisms proposed for other isolable 17e − transition-metal carbonyls but contrasts with studies proposing zero-valent CoL 4 complexes to react via dissociative reaction pathways. Zerovalent Co(CNAr Mes2 ) 4 also reacts with elemental phosphorus and sulfur and with diphenyl disulfide to form products indicative of multielectron transformations. Under the conditions surveyed, Co(CNAr Mes2 ) 4 did not display 1e − atom-or groupabstraction chemistry. The combined results suggest that this zero-valent, S = 1 / 2 cobalt complex reacts with substrates via associative ligand substitution and inner-sphere multielectron reduction, which is a mode of action that is likely general for this class of Co complexes.