Intuitive Surgical (ISRG) EVP sells 400 shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

INTUITIVE SURGICAL INC executive Gary Loeb, EVP & Chief Legal and Compliance, reported an open-market sale of 400 shares of Common Stock at $446.95 per share. The transaction was executed under a Rule 10b5-1 trading plan that expires on January 29, 2027. Following this sale, he directly holds 6,120 shares of the company’s stock.

Insider Trade Summary 10b5-1

Net Seller: 400 shares ($178,780)

Net Sell 1 txn

Insider LOEB GARY

Role EVP & Chief Legal and Complian

Sold 400 shs ($179K)

Type	Security	Shares	Price	Value
Sale	Common Stock	400	$446.95	$179K

Holdings After Transaction: Common Stock — 6,120 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 400 shares Sale price per share: $446.95 per share Shares held after transaction: 6,120 shares +1 more

4 metrics

Shares sold 400 shares Open-market sale of Common Stock

Sale price per share $446.95 per share Price for the 400-share sale

Shares held after transaction 6,120 shares Direct Common Stock ownership post-sale

Trading plan expiry January 29, 2027 Expiration of Rule 10b5-1 Trading Plan

Key Terms

Rule 10b5-1, Trading Plan, open-market sale, Common Stock

4 terms

Rule 10b5-1 regulatory

"The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Trading Plan financial

"The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1"

A trading plan is a written set of rules an investor follows about what to buy or sell, when to enter and exit positions, and how much risk to accept—like a travel itinerary that maps the route, stops, and budget before a trip. It matters because it helps remove emotional decisions during market swings, enforces discipline, and makes performance easier to review and improve, reducing the chance of costly impulsive moves.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 07:11 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LOEB GARY

(Last)

(First)

(Middle)

1020 KIFER ROAD

(Street)

SUNNYVALE

CALIFORNIA

94086

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INTUITIVE SURGICAL INC [ ISRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP & Chief Legal and Complian

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/11/2026		S⁽¹⁾		400	D	$446.95	6,120	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on January 29, 2027.

	By: Stephanie Lim-Ignacio For: Loeb, Gary Howard	05/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did ISRG executive Gary Loeb report?

Gary Loeb reported selling 400 shares of Intuitive Surgical Common Stock in an open-market transaction. The sale was executed at a price of $446.95 per share and was conducted under a pre-established Rule 10b5-1 trading plan.

At what price did Gary Loeb sell Intuitive Surgical (ISRG) shares?

Gary Loeb’s reported sale of Intuitive Surgical shares was executed at $446.95 per share. This price applies to the 400 Common Stock shares sold in the open market as disclosed in the Form 4 insider transaction filing.

How many Intuitive Surgical (ISRG) shares does Gary Loeb hold after the sale?

After the reported transaction, Gary Loeb directly holds 6,120 shares of Intuitive Surgical Common Stock. This post-transaction holding figure comes from the Form 4 and reflects his remaining direct ownership following the 400-share open-market sale.

Was Gary Loeb’s ISRG stock sale under a Rule 10b5-1 trading plan?

Yes. The filing states the transaction occurred under a Trading Plan that complies with SEC Rule 10b5-1. The plan governs the timing and size of trades and is disclosed as expiring on January 29, 2027 in the footnote.

What role does Gary Loeb hold at Intuitive Surgical (ISRG)?

Gary Loeb is identified as an officer of Intuitive Surgical with the title EVP & Chief Legal and Compliance. This senior executive role is disclosed in the insider ownership section of the Form 4 reporting the share sale.