Curet Myriam 4
4 · INTUITIVE SURGICAL INC · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Intuitive Surgical (ISRG) EVP Myriam Curet Exercises RSUs and Sells Shares
What Happened
Myriam Curet, EVP & Chief Medical Officer of Intuitive Surgical (ISRG), had equity vest and exercised options on Feb 10, 2026, and sold shares in open-market transactions on Feb 10–11, 2026. Specifically, 943 derivative units converted into common stock (838 RSUs + 105 option shares). Of those, 417 shares were surrendered to cover tax withholding (valued at about $205,514). She also exercised 105 option shares at $229.39 per share (cost ~$24,086) and sold those 105 shares the same day at $494.65 (proceeds ~$51,938). Additional open-market sales of 421 shares occurred on Feb 11 at $494.96 (proceeds ~$208,378). Total reported open-market sale proceeds were about $260,316.
Key Details
- Transaction dates: conversions/exercise on 2026-02-10; open-market sales on 2026-02-10 and 2026-02-11.
- Prices & amounts: 838 RSUs converted @ $0 (vesting); 105 option shares exercised @ $229.39 (cost ~$24,086) then sold @ $494.65 (proceeds ~$51,938); 421 shares sold @ $494.96 (proceeds ~$208,378); 417 shares withheld for taxes valued @ $492.84 ( ~$205,514).
- Proceeds: open-market sales total ≈ $260,316; tax-withheld shares ≈ $205,514.
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: RSUs vest 25% per year starting Feb 10, 2023 (a portion was withheld for taxes); option and RSU vesting schedules described (F1–F4). The open-market sale was executed under a 10b5-1 trading plan that expires July 29, 2026 (F2).
- Filing timeliness: Reported on 2026-02-11 for transactions on 2026-02-10–11 (filed promptly).
Context
This filing shows routine vesting of RSUs and an option exercise followed by same-day sales (a cashless exercise/settlement pattern). The 417-share disposition was a withholding to cover tax liabilities rather than an open-market sale. The presence of a 10b5-1 plan indicates some sales were pre-arranged, which is common for executives and reduces the implication that the trades reflect short-term trading on inside information.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-10+838→ 1,247 total(indirect: By Trust) - Tax Payment
Common Stock
[F1]2026-02-10$492.84/sh−417$205,514→ 830 total(indirect: By Trust) - Exercise/Conversion
Common Stock
[F2]2026-02-10$229.39/sh+105$24,086→ 935 total(indirect: By Trust) - Sale
Common Stock
[F2]2026-02-10$494.65/sh−105$51,938→ 830 total(indirect: By Trust) - Sale
Common Stock
[F2]2026-02-11$494.96/sh−421$208,378→ 409 total(indirect: By Trust) - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
[F2][F3]2026-02-10−105→ 1,257 totalExercise: $229.39Exp: 2030-02-27→ Common Stock (105 underlying) - Exercise/Conversion
Restricted Stock Units
[F4]2026-02-10−838→ 838 totalExercise: $0.00→ Common Stock (838 underlying)
Footnotes (4)
- [F1]RSUs vest 25% per year over a four year period, commencing on each anniversary of February 10, 2023. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
- [F2]The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on July 29, 2026.
- [F3]12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
- [F4]Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.