Robert DeSantis - 15 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Reporting relationship: EVP & Chief Product Officer
Issuer ticker: ISRG
Reported as of: 15 Feb 2023
Net transaction value: -$637,574
SEC form: 4
Accepted by SEC: 16 Feb 2023, 17:45:32 UTC
Prior SEC filing: 30 Jan 2023
Next SEC filing: 27 Feb 2023
Source filing: View source filing
Reporting owner signature: By: Donna Spinola For: DeSantis, Robert

Key filing fact

Robert DeSantis filed Form 4 for INTUITIVE SURGICAL INC (ISRG) on 16 Feb 2023.

Key facts

This page summarizes Robert DeSantis's Form 4 filing for INTUITIVE SURGICAL INC (ISRG).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Feb 2023, 17:45.

Change

Previous filing in this sequence was filed on 30 Jan 2023.
Current net transaction value: -$637,574.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ISRG transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,124
Change %: +31%
Price: $0.000000
Shares after: 9,002
Date: 15 Feb 2023
Ownership: Direct
Footnotes: F1

ISRG transaction

Common Stock

Tax liability

Transaction value: $163,017
Shares: -666
Change %: -7.4%
Price: $244.77
Shares after: 8,336
Date: 15 Feb 2023
Ownership: Direct
Footnotes: F1

ISRG transaction

Common Stock

Sale

Transaction value: $474,558
Shares: -1,971
Change %: -24%
Price: $240.77
Shares after: 6,365
Date: 16 Feb 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ISRG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,124
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Feb 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,124
Exercise price: $0.000000
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

RSUs vest 25% per year over a four year period, commencing on the first anniversary of the grant date. RSUs convert into common stock on the vest date on a one-for-one basis. 25 % of the shares have been released and a portion of the shares were held back to cover the statutory tax withholding requirements. The net shares were deposited into the holders account.

Footnote F2

These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on November 21, 2023.

Footnote F3

Each RSU granted represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 25% on the first anniversary of the date of grant and annually thereafter, over a four year period.