The level of selling is minimal relative to company size and does not indicate material concern. Traders should monitor for follow-up selling or any deviation from routine option exercises, but this cluster is consistent with normal compensation management.
Price Chart
Executive Summary
A cluster of insider transactions at Intuitive Surgical over the past seven days consists primarily of non-cash derivative exercises, with two open-market sales totaling approximately $1.28 million. The majority of activity involves senior executives exercising stock options, a routine corporate action, while the sale by EVP Myriam Curet accounts for most of the economic value.
Key Financial Metrics
Key Facts
- 16 insider transactions recorded over 7 days, 14 of which were non-cash derivative exercises (M-code) with $0 acquisition cost.
- Two open-market sales (S-code): Patricia Wadors sold 220 shares for $109,936 and Myriam Curet sold 2,345 shares for $1.17 million.
- Total open-market sale value: $1.28 million, representing just 0.0007% of Intuitive Surgical's $176.2B market cap.
- Participants include CEO David Rosa, CFO Jamie Samath, and other C-suite executives, but their transactions were non-cash exercises, not sales.
- No open-market purchases observed; all buying activity was via option exercise, not new investment.
Financial Impact
$1.28 million in open-market sales, 0.0007% of market cap
Risk Factors
- Perception risk if media or retail investors misinterpret routine option exercises as insider selling.
- Concentration of sales among top executives, though limited to one meaningful transaction (Curet), could attract scrutiny if repeated.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (16 trades, 7d window) | cluster-ISRG-1772558739011 |
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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