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Intuitive Surgical (NASDAQ: ISRG) EVP Loeb vests RSUs, withholds shares for tax

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Intuitive Surgical executive Gary Loeb, EVP & Chief Legal and Compliance, reported routine equity activity. On February 10, 2026, 315 restricted stock units vested and were converted into common stock on a one-for-one basis. A portion of the newly issued shares was withheld at a price of $492.84 per share to satisfy statutory tax obligations. After these transactions, Loeb beneficially owned 3,704 shares of common stock directly and 314 restricted stock units that remain subject to future vesting.

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Insider LOEB GARY
Role EVP & Chief Legal and Complian
Type Security Shares Price Value
Exercise Restricted Stock Units 315 $0.00 --
Exercise Common Stock 315 $0.00 --
Tax Withholding Common Stock 172 $492.84 $85K
Holdings After Transaction: Restricted Stock Units — 314 shares (Direct); Common Stock — 3,876 shares (Direct)
Footnotes (1)
  1. RSUs vest 25% per year over a four year period, commencing on each anniversary of February 10, 2023. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account. Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
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 CA 94086

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/10/2026 M(1) 315 A $0.0 3,876 D
Common Stock 02/10/2026 F(1) 172 D $492.84 3,704 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0.0 02/10/2026 M 315 (2) (2) Common Stock 315 $0.0 314 D
Explanation of Responses:
1. RSUs vest 25% per year over a four year period, commencing on each anniversary of February 10, 2023. RSUs convert into common stock on the vest date on a one-for-one basis. 25% of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.
2. Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
By: Stephanie Lim-Ignacio For: Loeb, Gary Howard 02/10/2026
** 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.

FAQ

Who is the insider in this Intuitive Surgical (ISRG) Form 4 filing?

The insider is Gary Loeb, Executive Vice President and Chief Legal and Compliance Officer of Intuitive Surgical. He filed a Form 4 reporting routine equity compensation activity involving restricted stock units and common stock on February 10, 2026.

What equity transactions did Gary Loeb report for Intuitive Surgical (ISRG)?

Gary Loeb reported the vesting of 315 restricted stock units that converted into common stock and a related share withholding transaction coded “F” for taxes. These actions are part of his equity compensation arrangement with Intuitive Surgical.

How many Intuitive Surgical (ISRG) shares does Gary Loeb own after this Form 4?

After the reported transactions, Gary Loeb directly beneficially owned 3,704 shares of Intuitive Surgical common stock. He also held 314 restricted stock units, which represent additional potential shares that may vest over time under the award terms.

What do the RSU vesting terms mean in the Intuitive Surgical (ISRG) filing?

The filing states the RSUs vest 25% per year over four years, starting on each anniversary of February 10, 2023. Each RSU converts into one share of Intuitive Surgical common stock upon vesting, subject to Gary Loeb’s continuous service.

Why were some Intuitive Surgical (ISRG) shares withheld in Gary Loeb’s Form 4?

A portion of the vested shares was withheld at $492.84 per share to satisfy statutory tax withholding requirements. The remaining net shares from the RSU vesting were deposited into Gary Loeb’s account as part of his equity compensation.

What is transaction code M in the Intuitive Surgical (ISRG) Form 4?

Transaction code “M” indicates the exercise or conversion of a derivative security, here restricted stock units, into common stock. In this filing, 315 RSUs were converted into 315 shares of Intuitive Surgical common stock on February 10, 2026.
Intuitive Surgical Inc

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