Rosa David J. - Apr 21, 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP Chief Strategy & Growth Of
Signature
By: Donna Spinola For: Rosa, David J
Stock symbol
ISRG
Transactions as of
Apr 21, 2023
Transactions value $
-$19,746,855
Form type
4
Date filed
4/24/2023, 09:37 PM
Previous filing
Mar 1, 2023
Next filing
Jun 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $2.3M +54K +41.77% $42.64* 183K Apr 21, 2023 Direct F1
transaction ISRG Common Stock Sale -$12.2M -40.8K -22.26% $297.92 142K Apr 21, 2023 Direct F1, F2
transaction ISRG Common Stock Options Exercise $2.3M +54K +37.9% $42.64* 196K Apr 24, 2023 Direct F1
transaction ISRG Common Stock Sale -$12.2M -40.8K -20.75% $299.20 156K Apr 24, 2023 Direct F1, F3

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 -54K -50% $0.00 54K Apr 21, 2023 Common Stock 54K $42.64 Direct F1, F4
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -54K -100% $0.00* 0 Apr 24, 2023 Common Stock 54K $42.64 Direct F1, F4
* 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 August 15, 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 $296.54 to $299.47 as follows: 9,698 shares sold at $296.54 to $297.54; 25,403 shares sold at $297.55 to $298.53; and 5,699 shares sold at $298.60 to $299.47. 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 The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $297.79 to $301.83 as follows: 10,560 shares sold at $297.79 to $298.78; 28,240 shares sold at $298.84 to $299.84; 1,364 shares sold at $299.99 to $300.50; and 600 shares sold at $301.83. 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.
F4 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48 one month after the date of grant and 1/48 each month thereafter.