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INTUITIVE SURGICAL INC [ISRG]

Reporting date: 10/10/2025

⚠️ Neutral Insider Mix Detected

📝 What Happened

  • Insider: LOEB GARY
  • Role: EVP & Chief Legal and Complian (Officer)
  • Company: INTUITIVE SURGICAL INC (ISRG)
  • Transaction Date(s): 2025-10-10
  • Table I (Non-Derivative Securities)
    • Sale : 1,296
    • Average Sale Price: $443.76
    • Total Value: 1,296 * $443.76 = $575,112.96
    • Post-Transaction Direct Holdings: 3,561
    • Indirect Holdings: 0
    • 10b5-1 Plan Used? No

📄 Summary

LOEB GARY, EVP & Chief Legal and Complian at INTUITIVE SURGICAL INC (ISRG), mixed activity (acquired and sold) 3,908 shares on October 10, 2025, at an average price of $443.76, and with an acquisition reported at $0.00, realizing proceeds of about ~$575,112.96. After the transaction, he now holds 3,561 direct shares and continues to have 2,612 RSU units (derivative). For retail traders, this is a neutral-to-slightly bearish event: partial sale from vested RSUs, likely routine tax withholding/diversification.

🔑 Interpretation

  • Type: Comp-related (vesting of RSUs) with an associated disposition likely tied to withholding/settlement rather than a standalone discretionary sell.
  • Disposition: Shares were sold immediately as part of the settlement/netting (F-coded disposition) following RSU vesting (M-coded acquisition).
  • Size Context: The sale of 1,296 shares generated ~ $575k and is modest relative to his post-transaction direct holding of 3,561 shares; this pattern looks like tax withholding/portfolio rebalancing rather than aggressive profit-taking.
  • ATH Metric: The sale price of $443.76 sits within the company's recent trading range and does not, on its face, coincide with a clear all-time high or low; based on recent history up to yesterday, the transaction does not appear opportunistic relative to ATH/ATL extremes.
  • Outlier Check: Not unusually large for an officer receiving RSU vesting—consistent with routine vesting and partial disposition/common past filings.

📊 Bullish or Bearish?

Decide: Neutral

Neutral. The filing shows a mix of acquisition (vesting of RSUs) and a partial sale (likely for tax withholding/net settlement), suggesting routine compensation mechanics rather than an informed sell-off; data is complete for this event but does not indicate cluster selling.

✅ Bottom Line (Retail Takeaway)

This transaction looks like routine vesting and tax-related sell-off rather than a clear bearish signal. For retail traders, it’s noise, not a tradeable event — not worth short-/mid-term action unless corroborated by multiple insiders or senior executive coordinated sales.