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Envista Holdings Corp·4

Feb 11, 5:15 PM ET

Reis Mischa 4

Research Summary

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Updated

Envista (NVST) SVP Mischa Reis Exercises Options, Sells Shares

What Happened

  • Mischa Reis, Senior Vice President, Strategy & Business Development at Envista Holdings (NVST), exercised stock options and then sold the resulting shares on February 10, 2026. Reis exercised two option tranches totaling 9,675 shares: 4,041 shares at $19.04 (paid $76,941) and 5,634 shares at $15.97 (paid $89,975), for total exercise cost of $166,916. Reis sold those shares in open-market transactions at $30.00 per share (4,041 shares for $121,230 and 5,634 shares for $169,020), producing gross proceeds of $290,250 (about $123,334 more than the exercise cost, before taxes/fees).
  • The filing also shows entries for disposal of derivative instruments at $0, reflecting the conversion/cancellation of the exercised options into common shares.

Key Details

  • Transaction date: February 10, 2026.
  • Exercises: 4,041 shares @ $19.04 ($76,941) and 5,634 shares @ $15.97 ($89,975); total 9,675 shares exercised for $166,916.
  • Sales: 4,041 shares @ $30.00 ($121,230) and 5,634 shares @ $30.00 ($169,020); total gross proceeds $290,250.
  • Footnotes: F1 — options were originally granted by Danaher and converted into Envista options after the separation; F2 — the sales were effected under a pre-established Rule 10b5-1 trading plan; F3/F4 — the option tranches were fully vested as of Feb 24, 2023 and May 15, 2022, respectively.
  • Shares owned after the reported transactions: not specified in the Form 4 filing.
  • Timeliness: Report filed Feb 11, 2026 for transactions on Feb 10, 2026 (appears timely).

Context

  • This sequence is a common pattern: an insider exercises vested options and sells the acquired shares, often to cover exercise cost, taxes, or diversify holdings. In this case, the sales were executed under a Rule 10b5-1 plan, meaning they followed a pre-set trading arrangement rather than ad hoc decisions.
  • The filing is factual about the mechanics (option exercise, conversion of the derivative instrument, and subsequent open-market sales). It does not indicate the insider’s future view of the company.