Form 4: Intuitive Surgical's General Counsel, Gary Loeb, Reports Stock Sale Under 10b5-1 Trading Plan
SEC Form 4 Filing
Gary Loeb, General Counsel of Intuitive Surgical, sold 300 shares of common stock at $475 per share on September 9, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 9, 2024, Gary Loeb, the General Counsel of Intuitive Surgical Inc. (ISRG), reported the sale of 300 shares of common stock.
- The sale was executed at a price of $475 per share.
- The transaction was conducted under a pre-arranged trading plan that complies with SEC Rule 10b5-1 and expires on June 10, 2025.
- Following the transaction, Loeb directly owns 1,595 shares of Intuitive Surgical common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged trading plan. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| July 25, 2024 | Date of Power of Attorney execution. |
| September 9, 2024 | Date of stock sale transaction. |
| September 9, 2024 | Date of Form 4 filing. |
| June 10, 2025 | Expiration date of the 10b5-1 trading plan. |
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