Intuitive Surgical VP Corporate Controller Exercises Options and Sells $2.38M in Shares Under 10b5-1 Plan

Executive Summary

On November 2, 2026, Intuitive Surgical Inc ($ISRG) filed a Form 4 disclosing transactions by Fredrik Widman, VP Corporate Controller. On October 30, 2026, Mr. Widman exercised multiple tranches of non-qualified stock options totaling 5,448 shares and subsequently sold the entirety of the acquired shares for an aggregate consideration of approximately $2.38 million at a weighted average price of $436.0551 per share.

Transaction Breakdown

1. Derivative Exercises (Code M):

   • Exercised 14 distinct option tranches totaling 5,448 shares of common stock with exercise prices between $79.6378 and $347.4167.

2. Open Market Sale (Code S):

   • Sold 5,448 shares at a weighted average price of $436.0551 (ranging between $431.64 and $453.60).
   • Gross proceeds: $2,375,628.18.

3. Post-Transaction Ownership:

   • Following the transactions, Mr. Widman directly owns 1,026 shares of Intuitive Surgical Common Stock.

Governance & Context

• Rule 10b5-1 Trading Plan: All transactions were conducted pursuant to a pre-established Rule 10b5-1 trading plan expiring on September 15, 2027.
• Significance Assessment: Low. This represents a routine option exercise and sale program executed under an established 10b5-1 trading plan, reflecting standard executive equity compensation realization rather than an ad-hoc discretionary trade.