Adam Sachs is the Chief Executive Officer of Vicarious Surgical Inc. He has led the company since 2021 after a merger that transformed their business. Adam has a strong engineering background, having earned his degree from MIT. Before starting Vicarious...

Adam Sachs is the Chief Executive Officer of Vicarious Surgical Inc. He has led the company since 2021 after a merger that transformed their business. Adam has a strong engineering background, having earned his degree from MIT. Before starting Vicarious Surgical in 2014, he worked at Apple, where he focused on manufacturing design. Under his leadership, Vicarious Surgical is working on innovative medical technologies that aim to improve surgical procedures with robotic systems. Interestingly, Adam has been involved in substantial insider trading over the years, with significant transactions fluctuating between $2 million and $5 million, showing his deep commitment to the company's growth and his involvement in its financial health. In terms of his compensation, Adam earned about $541,000 in 2023, primarily from his salary, but he is not heavily weighted in stock due to the grants not vesting as quickly. He also has a strategic focus on aligning executive interests with those of shareholders and has structured compensation plans to attract top talent. His leadership style balances innovation with risk management, and he actively participates in corporate governance, underscoring his commitment to transparent and effective management practices.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Adam Sachs

Founder and CEO of Vicarious Surgical

Education

B.S. in Engineering from the Massachusetts Institute of Technology

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Healthcare

Born

January 1, 1991 - 34 years ago

CEO of Vicarious Surgical for

3 years 6 months (Sep 2021 - Present)

Previous Experience

Worked in Manufacturing Design at Apple, Inc.

Rivals

Competitors/colleagues of Adam Sachs

Holdings

See how much did Adam Sachs make over time.

Adam Sachs has a significant amount of wealth tied to Vicarious Surgical, with holdings mostly in Class B common stock. As of early 2024, he owned about 11.2 million shares of Class B stock, granting him substantial voting power. His...

Adam Sachs has a significant amount of wealth tied to Vicarious Surgical, with holdings mostly in Class B common stock. As of early 2024, he owned about 11.2 million shares of Class B stock, granting him substantial voting power. His stock portfolio has seen fluctuations, especially with insider trading activities ranging from $765,000 to $5.47 million in a single month over the past years, indicating his active engagement in the company's direction. Despite not locking in larger holdings from stock options which have not vested, his investments reflect confidence in the company’s future. This shows he remains an essential part of the company's narrative and its potential trajectory in the medical tech space. When he first joined as CEO, his wealth was significantly tied to his Class B shares and he continues to hold a considerable stake, representing about 57.3% of total voting power within the company.

Total Stock Sold

$27.56M

RBOT

$27.56M

13,664.6 RBOT shares

What if they kept their stock?

If Adam Sachs didn't sell their stock, today they would have:
Extra RBOT13,664.6 shares worth $5.17M.
This is -81.26% and $22.39M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Adam Sachs.

RBOT

$2.33K

RBOT at $5.88/share

Sep 3, 2024

Sale

RBOT

$4.41K

RBOT at $6.32/share

Aug 20, 2024

Sale

RBOT

$795.90

RBOT at $7.96/share

Jul 18, 2024

Sale

RBOT

$4.47K

RBOT at $0.32/share

Jun 3, 2024

Sale

RBOT

$9.51K

RBOT at $0.39/share

May 20, 2024

Sale

RBOT

$1.65K

RBOT at $0.34/share

Mar 20, 2024

Sale

RBOT

$5.95K

RBOT at $0.37/share

Mar 4, 2024

Sale

RBOT

$10.09K

RBOT at $0.36/share

Feb 20, 2024

Sale

RBOT

$3.26K

RBOT at $0.79/share

Sep 20, 2023

Sale

RBOT

$13.38K

RBOT at $0.97/share

Sep 5, 2023

Sale

Compensation History

See how much did Adam Sachs make over time.

In 2023, Adam Sachs's total compensation as CEO of Vicarious Surgical amounted to approximately $541,000. His salary of $536,000 made up most of this, with limited extras like a 401(k) matching contribution of around $4,400. Notably, he did not receive any bonuses or stock grants that year, indicating a focus on performance metrics tied to future company growth rather than immediate rewards. Over the previous years, his compensation structure had varied significantly, reflecting both his performance and the company's performance metrics. In 2021, for instance, Adam's compensation unraveled to over $5.8 million, bolstered heavily by stock options and the company's burgeoning progress. His compensation philosophy emphasizes attracting and retaining outstanding individuals while aligning executive interests with those of equity holders to push the company toward long-term success.

Year

2023

Total Compensation

$541.20K

Salary

$536.76K

Board Justification

The compensation program aims to attract, motivate, and retain outstanding individuals while aligning the interests of the executive team with those of equity holders.

Bonus

$0.00

Board Justification

No bonus was awarded for the year 2023.

Other

$4.44K

Board Justification

This amount represents 401(k) matching contributions made by the company in 2023.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the amounts listed are for stock grants and options only.

Performance Metrics

The actual amount of any bonus will be determined by reference to the attainment of applicable company and/or individual performance objectives.