Loeb Gary - Feb 10, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
General Counsel
Signature
By: Donna Spinola For: Loeb, Gary Howard
Stock symbol
ISRG
Transactions as of
Feb 10, 2024
Transactions value $
-$50,080
Form type
4
Date filed
2/12/2024, 08:57 PM
Previous filing
Oct 12, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +315 +18.43% $0.00 2.02K Feb 10, 2024 Direct F1
transaction ISRG Common Stock Tax liability -$50.1K -129 -6.37% $388.22 1.9K Feb 10, 2024 Direct F1

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 Restricted Stock Units Options Exercise $0 -315 -25.02% $0.00 944 Feb 10, 2024 Common Stock 315 $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs vest 25% per year over a four year period, commencing on each anniversary of February 10, 2023. 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.
F2 Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.