Monitor for potential downward pressure on shares; consider whether this selling follows strong price performance or precedes an earnings miss. Compare with historical insider behavior — repeated selling at this level could signal waning confidence in near-term prospects.
Price Chart
Executive Summary
Intuitive Surgical insiders executed a cluster of 19 transactions over seven days, including two open-market sales totaling $3.47 million by the CFO and Chief Medical Officer, alongside 17 non-cash derivative exercises. The majority of activity involved stock option exercises with no economic value, but the open-market selling by top executives signals potential caution.
Key Financial Metrics
Key Facts
- EVP & CFO Jamie Samath exercised 1,908 shares and other insiders exercised options totaling 23,202 shares — all non-cash events.
- EVP & Chief Medical Officer Myriam Curet sold 7,073 shares in two open-market transactions for $3.47 million (4,728 shares on 3/3 at $487.18 and 2,345 on 2/27 at $499.71).
- SVP Patricia Wadors sold 220 shares at $499.71, totaling $109,936.
- All derivative exercises were at $0 strike price, indicating pre-planned compensation vesting, not new purchases.
- Total open-market selling: $3.58 million by two C-suite executives.
Financial Impact
$3.58 million in open-market insider selling over 7 days
Risk Factors
- Insider selling may reflect profit-taking after a run-up, not fundamental concerns.
- Non-cash derivative exercises dominate the cluster and are routine, potentially overshadowing the significance of actual sales.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (19 trades, 7d window) | cluster-ISRG-1772577310647 |
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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