Curet Myriam 4

What Happened

• Myriam Curet, EVP and Chief Medical Officer of Intuitive Surgical (ISRG), exercised stock options and sold the resulting 105 shares on March 10, 2026. She exercised 105 option shares at a strike of $229.39 (cost $24,086) and sold those 105 shares in the open market at $493.95 for total proceeds of $51,865. Net proceeds before taxes/fees ≈ $27,779.
• This is a sale following an option exercise (often a routine liquidity event), not a new purchase.

Key Details

• Transaction date: 2026-03-10.
  • Option exercise (code M): 105 shares acquired at $229.39 — $24,086.
  • Open-market sale (code S): 105 shares sold at $493.95 — $51,865.
  • Derivative surrender (code M): 105 shares reported disposed at $0.00 (reporting detail related to the option instrument).
• Shares owned after transaction: not disclosed in the filing excerpt.
• Footnotes:
  • F1: Transaction executed under a Rule 10b5-1 trading plan that expires July 29, 2026.
  • F2: The option has a vesting schedule (12.5% at six months from Feb 10, 2023, then 1/48th monthly thereafter).
• Filing timeliness: Report filed on 2026-03-11 for a 2026-03-10 transaction (appears timely).

Context

• This was an exercise-plus-sale (effectively a cashless exercise): the insider converted options into shares and immediately sold them in the open market. Such transactions often reflect routine option exercises or planned sales under 10b5-1 plans rather than a directional bet on the stock.