Jeddi Iman 4

What Happened

• Jeddi Iman, SVP & GM, da Vinci Platforms at Intuitive Surgical (ISRG), exercised non-statutory stock options and immediately sold the resulting shares. On 2026-06-01 Im an exercised 5,625 options at an exercise price of $77.00 (reported cost $433,119) and sold 5,625 shares in an open-market sale at $420.55 each for total proceeds of $2,365,594. The filing also reports a separate derivative disposition of 5,625 shares at $0 (see Key Details).

Key Details

• Transaction date: 2026-06-01.
• Exercise: 5,625 shares at $77.00, reported total $433,119 (code M).
• Sale: 5,625 shares at $420.55, proceeds $2,365,594 (code S).
• Derivative disposition: 5,625 shares at $0.00 (reported as disposed; code M).
• Footnotes: Transaction executed under a Rule 10b5-1 trading plan that expires June 5, 2026 (F1). Options were non-statutory under the 2010 Incentive Award Plan with a specified vesting schedule (F2).
• Shares owned after the transaction: not stated in the supplied filing details.
• Filing date: Form 4 filed 2026-06-02 (next day); filing not marked as late in the supplied data.

Context

• This is a common pattern: exercising options and immediately selling the shares (a cashless exercise) to capture value. The separate derivative line reported at $0 often reflects surrendered shares or withholding related to the exercise (tax or payment mechanics) — the filing lists it as a derivative disposition. The presence of a 10b5-1 plan indicates the trades were executed under a pre-arranged plan.