Gary S. Guthart - 21 Oct 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
President & CEO, Director
Signature
By: Donna Spinola For: Guthart, Gary S
Issuer symbol
ISRG
Transactions as of
21 Oct 2022
Net transactions value
-$5,050,532
Form type
4
Filing time
24 Oct 2022, 17:08:41 UTC
Previous filing
30 Aug 2022
Next filing
16 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $4,269,078 +67,500 $63.25* 67,500 21 Oct 2022 Direct F1
transaction ISRG Common Stock Sale $9,319,610 -44,203 -65% $210.84 23,297 21 Oct 2022 Direct F1, F2
holding ISRG Common Stock 1,165,561 21 Oct 2022 by Trust
holding ISRG Common Stock 34,800 21 Oct 2022 by Trust FBO Daughte
holding ISRG Common Stock 34,800 21 Oct 2022 by Trust FBO Son

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -67,500 -100% $0.000000* 0 21 Oct 2022 Common Stock 67,500 $63.25 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on April 26, 2023.
F2 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $207.32 to $218.32 as follows: 5,697 shares sold at $207.32 to $208.32; 4,003 shares sold at $208.37 to $209.27; 4,000 shares sold at $209.45 to $210.44; 14,620 shares sold at $210.47 to $211.47; 6,835 shares sold at $211.50 to $212.50; 8,465 shares sold at $212.51 to $213.11 and 583 shares sold at $218.31 to $218.32. The Reporting Person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
F3 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 1/8 six months after the date of grant and 1/48th each month thereafter.