Jeddi Iman 4

What Happened
Jeddi Iman, Senior Vice President & GM, da Vinci Platforms at Intuitive Surgical (ISRG), had equity awards vest on Feb 28, 2026. A total of 9,004 shares were converted/issued on vesting (8,378 performance stock units (PSUs) and 626 restricted stock units (RSUs)). To cover tax withholding obligations, 4,466 shares were surrendered/disposed at $503.51 per share (311 shares = $156,592 and 4,155 shares = $2,092,084), totaling about $2,248,676. The remaining net shares were deposited into the reporting person’s account.

Key Details

• Transaction date: Feb 28, 2026. Form 4 filed Mar 3, 2026.
• Conversion/vesting: 8,378 PSUs and 626 RSUs converted into common stock (total 9,004 shares).
• Tax withholding (dispositions): 4,466 shares withheld/sold at $503.51 each, raising ≈ $2.25M.
• Footnotes: PSUs were originally granted Feb 28, 2023 and vested after performance goals were met (F3). RSUs vest 25% per year over 4 years; a portion was withheld for taxes and net shares deposited (F1, F5). F4 confirms withholding was to cover taxes on PSU settlement; F2 notes 3 shares that should have been included on a prior Form 3.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was not an open-market sale or a buy signal — it was the routine conversion/settlement of vested equity awards with shares withheld to satisfy tax obligations (a common, administrative transaction often called a cashless withholding). The filing documents the vesting and tax withholding rather than an executive choosing to sell shares for investment reasons.