Form 4: Intuitive Surgical VP Controller Reports Stock Transactions

Intuitive Surgical's VP Corporate Controller, Fredrik Widman, reported the conversion of Restricted Stock Units into common stock and subsequent tax-related dispositions.

Summary

• Fredrik Widman, VP Corporate Controller of Intuitive Surgical Inc. (ISRG), reported transactions on February 26, 2026.
• Converted 611 Restricted Stock Units (RSUs) into common stock at an exercise price of $0.0.
• Converted an additional 378 Restricted Stock Units (RSUs) into common stock at an exercise price of $0.0.
• Disposed of 303 shares of common stock at $506.17 per share to cover statutory tax withholding requirements.
• Disposed of an additional 188 shares of common stock at $506.17 per share to cover statutory tax withholding requirements.
• Following these transactions, direct beneficial ownership of common stock is 1,158 shares.
• Remaining derivative securities include 1,220 Restricted Stock Units from a February 26, 2024 grant, 1,133 Restricted Stock Units from a February 26, 2025 grant, and 1,627 Restricted Stock Units from a February 26, 2026 grant.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents the routine vesting of executive compensation, indicating continued alignment of management interests with shareholders, despite the necessary tax-related sales.

Positives

• Fredrik Widman converted a total of 989 Restricted Stock Units (RSUs) into common stock, indicating the vesting of long-term equity incentives.
• The conversion price of $0.0 for the RSUs represents a realized gain for the insider upon vesting.

Negatives

• A total of 491 shares of common stock were disposed of at $506.17 per share to cover statutory tax withholding requirements, reducing the insider's direct common stock holdings.

Future Outlook

Remaining Restricted Stock Units (RSUs) are scheduled to vest 25% per year over a four-year period from their respective grant dates, indicating future conversions into common stock.

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU conversions and tax-related sales are common across the medical device and technology sectors, reflecting standard equity compensation practices for executives.

Stakeholder Impact

• Shareholders: Minor, routine insider activity. The disposition of shares for tax purposes is a standard practice and does not signal a lack of confidence. The vesting of RSUs aligns executive incentives with long-term company performance.

Next Steps

• Future vesting of remaining Restricted Stock Units (RSUs) on their respective anniversary dates, leading to potential further conversions into common stock.

Key Dates

Keywords

Intuitive Surgical, ISRG, Form 4, Insider Transaction, Restricted Stock Units, RSU, Common Stock, Fredrik Widman, Corporate Controller, Equity Compensation