Widman Fredrik 4

What Happened

• Fredrik Widman, VP Corporate Controller at Intuitive Surgical, sold shares in open-market transactions and had restricted stock units (RSUs) convert into common stock. Reported sales: 249 shares on 2026-02-27 at $499.71 ($124,428), 233 shares withheld/sold for taxes on 2026-02-28 at $503.51 ($117,318), and 118 shares on 2026-03-03 at $487.18 ($57,487). Total reported sale proceeds ≈ $299,233.
• On 2026-02-28, 468 derivative units were converted/acquired (reported as exercise/conversion of derivative at $0.00), reflecting RSU vesting. A related derivative entry shows 468 shares disposed (reported at $0.00) consistent with vest/withholding activity.

Key Details

• Dates & prices: 02/27/2026 — 249 shares @ $499.71; 02/28/2026 — 468 RSUs converted (0.00); 02/28/2026 — 233 shares withheld/sold @ $503.51 for taxes; 03/03/2026 — 118 shares sold @ $487.18.
• Aggregate proceeds from disclosed sales: ≈ $299,233.
• Shares owned after these transactions: not specified in the filing excerpt.
• Footnotes: (F1) At least one transaction was made under a Rule 10b5-1 trading plan that expires 05/21/2026. (F2/F3) RSUs vest 25% annually over four years; vested RSUs convert 1-for-1 to common stock and a portion can be held back/sold to cover statutory tax withholding.
• Filing timeliness: no late filing flag noted in the supplied data.

Context

• The Feb 28 "M" entries are RSU conversions (derivative-to-stock conversion), not option exercises requiring cash; the related "F" entry reflects shares withheld/sold to satisfy tax withholding on vesting (a common, non-speculative administrative action).
• The open-market sales were executed under/consistent with a 10b5-1 plan (per footnote), which typically indicates pre-arranged selling rather than active market-timing by the insider.