Form 4: Intuitive Surgical Director Amy L. Ladd Executes Stock Options and Sells Shares Under 10b5-1 Plan

Director Amy L. Ladd exercised stock options and sold shares of Intuitive Surgical (ISRG) on April 30, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 30, 2025, Amy L. Ladd, a director of Intuitive Surgical Inc. (ISRG), executed non-qualified stock options to acquire shares of common stock.
• Ladd also sold shares of ISRG common stock on the same day.
• These transactions were conducted under a pre-arranged trading plan that complies with SEC Rule 10b5-1.
• The sales of common stock occurred at a weighted average price of $505.5459, with individual transactions ranging from $502.49 to $509.99.
• Following these transactions, Ladd directly owns 1,410 shares of Intuitive Surgical common stock.
• Additionally, Ladd was granted 531 Restricted Stock Units (RSUs) that will vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to continued service as a director.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions. The use of a 10b5-1 plan suggests a planned and compliant approach to stock sales.

Positives

• The transactions were conducted under a pre-arranged 10b5-1 trading plan, which can be seen as a proactive measure to avoid accusations of insider trading.

Future Outlook

The director's future transactions may continue under the 10b5-1 trading plan, which expires on January 29, 2026.

Industry Context

Insider transactions are common, and the use of a 10b5-1 plan is a standard practice to ensure compliance with securities laws. Monitoring these transactions can provide insights into management's perspective on the company's valuation.

Stakeholder Impact

• Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.

Key Dates

Keywords

Form 4, Insider Trading, Stock Options, Share Sales, Intuitive Surgical, ISRG, Amy L. Ladd, 10b5-1 plan, Director, Restricted Stock Units