Form 4: Intuitive Surgical EVP Gary Loeb Executes Stock Options and Sells Shares Under 10b5-1 Plan

Gary Loeb, EVP & Chief Legal and Compliance Officer of Intuitive Surgical, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan on February 12, 2025.

Summary

• Gary Loeb, an executive at Intuitive Surgical, executed non-qualified stock options to acquire 2,600 shares of common stock at a price of $186.55 per share on February 12, 2025.
• Simultaneously, Loeb sold 2,600 shares of Intuitive Surgical common stock at a price of $583.79 per share.
• These transactions were conducted under a pre-arranged trading plan that complies with SEC Rule 10b5-1, set to expire on November 13, 2025.
• Following these transactions, Loeb directly owns 3,176 shares of Intuitive Surgical common stock and holds options to purchase 7,850 more shares.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions under a pre-arranged plan, indicating a neutral sentiment.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often part of their overall compensation strategy. The use of 10b5-1 plans allows insiders to sell shares over a predetermined period, mitigating concerns about trading on non-public information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the trades mitigates concerns about insider information.

Key Dates

Keywords

Form 4, Intuitive Surgical, ISRG, Gary Loeb, Stock Options, Share Sale, 10b5-1 Plan, Executive Compensation, Insider Trading