The level of selling is minimal relative to company size and does not indicate broad-based concern. Traders should monitor for follow-up filings or increased selling volume, but this cluster appears routine and likely related to pre-arranged 10b5-1 plans.
Price Chart
Executive Summary
A cluster of insider transactions at Intuitive Surgical over the past week consists primarily of non-cash derivative exercises, with two open-market sales totaling approximately $1.28 million. The only notable selling was by EVP & Chief Medical Officer Myriam Curet and SVP Patricia Wadors, while other executives, including the CEO and CFO, only exercised stock options without selling.
Key Financial Metrics
Key Facts
- Seven executives exercised stock options in the past week, including CEO David Rosa and CFO Jamie Samath, with no associated open-market sales.
- EVP Myriam Curet sold 2,345 shares at $499.71, totaling $1.17 million, and SVP Patricia Wadors sold 220 shares for $109,936.
- All derivative exercises (codes M) are non-cash events with $0 transaction value and do not represent open-market activity.
- Total open-market sales in the cluster: $1.28 million, representing just 0.0007% of Intuitive Surgical’s $178.8B market cap.
- No C-suite executives (CEO, CFO, CMO) engaged in open-market selling beyond Curet; no purchases were made.
Financial Impact
$1.28 million in total open-market sales, less than 0.001% of market cap
Risk Factors
- Concentration of selling by one executive (Curet) could signal personal liquidity needs or reduced confidence, though not statistically significant.
- Non-cash exercises may precede future selling, but no indication of intent is present in these filings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (15 trades, 7d window) | cluster-ISRG-1772498498612 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 11d ago | ANALYST-UPGRADE | $414.52 $422.06 | ▲ +1.82% | ▲ +1.72% | $426.70 (+2.94%) |
Sep 16, 2026 4w ago | Insider Cluster | $382.29 $398.30 | ▲ +4.19% | ▲ +1.62% | $426.70 (+11.62%) |
Aug 19, 2026 8w ago | Insider Cluster | $374.48 $367.07 | ▼ −1.98% | ▼ −3.09% | $426.70 (+13.94%) |
Aug 13, 2026 9w ago | Court Ruling | $401.27 $374.48 | ▲ +6.68% | ▲ +4.71% | $426.70 (−6.34%) |
Aug 12, 2026 9w ago | ANALYST-UPGRADE | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Aug 12, 2026 9w ago | Insider Cluster | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Aug 11, 2026 9w ago | Insider Cluster | $401.27 $397.72 | ▼ −0.88% | ▼ −0.44% | $426.70 (+6.34%) |
Jul 30, 2026 11w ago | ANALYST-DOWNGRADE | $352.97 $373.71 | ▲ +5.88% | ▲ +2.25% | $426.70 (+20.89%) |
Jul 16, 2026 13w ago | Press Release | $345.42 $332.02 | ▼ −3.88% | ▼ −3.19% | $426.70 (+23.53%) |
Jul 9, 2026 14w ago | ANALYST-UPGRADE | $411.55 $402.33 | ▼ −2.24% | ▼ −2.11% | $426.70 (+3.68%) |
US Market Status
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