Widman Fredrik 4

What Happened Fredrik Widman, VP & Corporate Controller of Intuitive Surgical (ISRG), had 567 restricted stock units (RSUs) vest on Feb 10, 2026 (converted to 567 shares). Of those, 302 shares were surrendered to cover statutory tax withholding (value reported $148,838 at $492.84/share) and 133 shares were sold in an open-market transaction on Feb 11, 2026 (sale proceeds $65,830 at $494.96/share). Net result: Widman received 567 vested shares, with a net increase of 132 shares deposited to his account after withholding and the sale.

Key Details

• Transaction dates/prices:
  • 2026-02-10: RSU conversion to 567 shares (derivative conversion, reported at $0 acquisition price).
  • 2026-02-10: 302 shares withheld for taxes at $492.84 — value $148,838 (tax withholding/disposition).
  • 2026-02-11: 133 shares sold open market at $494.96 — proceeds $65,830.
• Net shares added to account after transactions: 567 - 302 - 133 = 132 shares.
• Footnotes:
  • RSUs vest 25% per year starting Feb 10, 2023; 25% released on this vesting date (F1, F3).
  • Open-market sale executed under a Rule 10b5-1 trading plan that expires May 21, 2026 (F2).
• Filing: Reported 2026-02-11 for transactions on 2026-02-10 / 02-11 — filing appears timely (no late filing indicated).

Context

• This was a routine RSU vesting event with shares withheld for tax obligations and a planned sale under a 10b5-1 plan. The RSUs converted to shares (not an option exercise for cash), and part of the vested shares were used to satisfy tax withholding rather than being sold on the open market. Such transactions are common for compensation vesting and do not by themselves indicate the insider’s broader view of the company.