Insider Trading March 11, 2026

Intuitive Surgical Executive Sells $51,864 in Stock After Option Exercise

Curet disposed of 105 shares and exercised options, while the company posts robust revenue growth and draws analyst upgrades

By Hana Yamamoto ISRG
Intuitive Surgical Executive Sells $51,864 in Stock After Option Exercise
ISRG

Myriam Curet, Executive Vice President and Chief Medical Officer at Intuitive Surgical Inc (ISRG), sold 105 shares of company stock for $51,864 after exercising options for the same number of shares. The transaction leaves Curet with no direct holdings and 409 indirect shares held through a trust. Intuitive reported strong fourth-quarter revenue and has drawn positive analyst attention, though some valuation metrics have been flagged as rich.

Key Points

  • Myriam Curet sold 105 shares of Intuitive Surgical at $493.95 per share, netting $51,864, and simultaneously exercised options for 105 shares at $229.39 per share, costing $24,085.
  • After the transactions, Curet directly holds 0 shares and indirectly holds 409 shares via a trust; the filing was reported on a Form 4 with the SEC.
  • Intuitive Surgical reported $2.87 billion in fourth-quarter 2025 revenues, a 19% year-over-year increase that beat Stifel and consensus estimates of $2.72 billion, and the company completed acquisition of its Southern Europe distribution business.

Myriam Curet, who serves as Executive Vice President and Chief Medical Officer at Intuitive Surgical Inc (NASDAQ: ISRG), completed a sale of 105 shares of the company's common stock at a price of $493.95 per share, generating proceeds of $51,864.

Records filed on a Form 4 with the Securities and Exchange Commission show that Curet simultaneously exercised options to acquire 105 shares of Intuitive Surgical common stock at an exercise price of $229.39 per share, for a total cost of $24,085. Following these transactions, the filing reports Curet directly holds 0 shares of Intuitive Surgical common stock and indirectly holds 409 shares through a trust.


At the time of the filing, Intuitive Surgical is trading with a market capitalization of $174.5 billion and a price-to-earnings ratio of 62.24. Separate analysis cited in public materials characterizes the stock as appearing overvalued according to InvestingPro, even as the company continues to show solid top-line momentum with revenue growth of 20.5% as referenced by that same analysis.

Operationally, Intuitive Surgical reported a strong fourth quarter for 2025, delivering revenues of $2.87 billion, an increase of 19% year over year. That quarterly result exceeded both Stifel's projection and consensus estimates, which had been $2.72 billion.

The company has also completed the acquisition of its distribution business in Southern Europe, bringing direct operations to markets including Italy, Spain, and Portugal. The move shifts those regional distribution responsibilities onto Intuitive's own operations.

Several research firms have responded positively to the company's recent performance and strategic progress. Freedom Capital Markets upgraded the stock to Buy and pointed to the rollout of the da Vinci 5 surgical system as a favorable catalyst. TD Cowen initiated coverage with a Buy rating, while Truist Securities reiterated its Buy stance, highlighting potential upside to earnings per share and an improved gross margin outlook for 2026.


This article presents the transaction and related corporate developments as reported in regulatory filings and public research notes. Investors interested in additional proprietary insights are directed to specialized subscription products referenced by InvestingPro for more detailed ProTips and dedicated research reports.

Summary of transaction data

  • Shares sold: 105
  • Sale price per share: $493.95
  • Proceeds from sale: $51,864
  • Options exercised: 105 shares at $229.39 per share; total $24,085
  • Direct holdings after transaction: 0 shares
  • Indirect holdings after transaction: 409 shares by trust

The facts above are drawn from the Form 4 disclosure and published company results and research notes cited alongside the filing.

Risks

  • Valuation metrics: InvestingPro analysis indicates the stock appears overvalued, which could affect investor expectations in the healthcare and financial markets.
  • Executive holdings: The reported insider sale resulted in zero direct holdings for the executive, leaving only indirect trust holdings; this may raise questions for equity market observers about insider liquidity decisions.
  • Execution dependency: Several analysts cited the rollout of the da Vinci 5 surgical system as a driver of optimism, making the success of that rollout a relevant point of uncertainty for the MedTech and healthcare equipment sectors.

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