Intuitive Surgical VP Corporate Controller Exercises Options and Sells $1.83M in Stock Under 10b5-1 Plan
INTUITIVE SURGICAL INC
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Filing Summary
{"title": "ISRG Insider Transaction: VP Corporate Controller Sells Shares", "color": 15158332, "fields": [{"name": "Insider", "value": "Fredrik Widman (VP Corporate Controller)", "inline": true}, {"name": "Company", "value": "Intuitive Surgical Inc ($ISRG)", "inline": true}, {"name": "Transaction Type", "value": "Option Exercise & Sale (Rule 10b5-1)", "inline": false}, {"name": "Shares Sold", "value": "4,047", "inline": true}, {"name": "Average Price", "value": "$453.21", "inline": true}, {"name": "Total Sale Value", "value": "$1,834,124.28", "inline": true}, {"name": "Remaining Direct Holdings", "value": "1,026 shares", "inline": true}]}
Comprehensive Analysis
Overview
On October 23, 2026, Fredrik Widman, Vice President and Corporate Controller of Intuitive Surgical Inc ($ISRG), exercised multiple tranches of non-qualified stock options totaling 4,047 shares and subsequently sold the entirety of those shares in the open market.
Transaction Details
- Option Exercises: 11 distinct tranches of non-qualified stock options were exercised for an aggregate of 4,047 shares at strike prices ranging from $139.52 to $347.42 per share.
- Sale: 4,047 common shares were disposed of at a weighted average price of $453.2059 per share (with individual sale prices ranging from $444.44 to $458.02).
- Gross Proceeds: ~$1,834,124.28.
- Direct Ownership Post-Transaction: 1,026 shares.
Context & Significance
- Rule 10b5-1 Plan: The transactions were conducted under a pre-established Rule 10b5-1 trading plan scheduled to expire on September 15, 2027.
- Significance: Low. The activity represents a routine exercise-and-sell transaction executed via an automated 10b5-1 plan, typical of executive equity compensation monetization rather than a discretionary market-timing trade.
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