The director of Intuitive Surgical Inc . (NASDAQ:) Craig H. Barratt sold a total of $1,005,613 worth of company stock, according to a recent SEC filing. The transactions, which took place on June 3, 2024, involved the sale of 1,400 shares at a price of $402.89 each, followed by another batch of 1,096 shares at the same price.
The sales were executed under a trading plan compliant with SEC Rule 10b5-1, which allows insiders to establish a predetermined plan to sell shares at a time when they do not have material non-public information. The plan will expire on March 4, 2025.
In addition to sales, Barratt also purchased shares through same-day options exercise. It exercised options to buy 1,400 shares and another 1,096 shares, both at a price of $56.9744 per share. The total value of the shares purchased through the exercise of the options amounts to $142,208.
The transactions reflect a mix of exercised options and follow-on sales, a common strategy among executives to manage their investment portfolios and diversify their businesses while realizing potential gains.
As a result of these transactions, Barratt’s direct holdings in Intuitive Surgical were affected, but the document also indicates that Barratt indirectly owns 26,155 shares held by a trust.
Intuitive Surgical Inc, known for its da Vinci surgical systems, is a leader in minimally invasive robotic surgery. The company’s stock performance and insider transactions are closely monitored by investors to understand management sentiment and potential future movements in the stock.
Investors and interested parties in Intuitive Surgical Inc. can access complete details of Barratt’s transactions through the SEC’s EDGAR database, which provides public filings on the stock transactions of company insiders.
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