Intuitive Surgical Appoints Humana Executive Aaron Martin to Board of Directors

Event Overview

On October 29, 2026, the Board of Directors of Intuitive Surgical, Inc. approved an increase in board size from 10 to 11 members and appointed Aaron Martin as an independent director, effective January 1, 2027.

Mr. Martin currently serves as the President of Insurance at Humana and brings substantial experience in healthcare technology, digital health, and payer-provider convergence, having previously served as Vice President of Healthcare at Amazon and Chief Digital Officer at Providence St. Joseph Health.

Governance & Committee Assignments

• Independence: Determined to be an independent director under Nasdaq and SEC rules.
• Committees: As of the effective date, Mr. Martin will not be appointed to any committees.
• Indemnity: The Company will enter into its standard form of indemnification agreement with Mr. Martin.

Director Compensation

Under Intuitive Surgical's standard non-employee director compensation policy:

• Cash Retainer: $70,000 annual cash retainer, prorated for the remainder of the fiscal year following January 1, 2027.
• Initial Equity Grant: Prorated restricted stock units (RSUs) valued at $93,333, calculated using the 30 trading-day average closing price through the month prior to the grant date.
• Vesting: Full vesting on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, subject to continued service.

Market & Trading Significance

This is a standard governance update expanding the board to incorporate health insurance and digital healthcare platform expertise. The event is routine and carries low immediate trading impact.