Marshall Mohr - 26 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Donna Spinola For: Mohr, Marshall L
Issuer symbol
ISRG
Transactions as of
26 Feb 2024
Net transactions value
-$337,931
Form type
4
Filing time
27 Feb 2024, 15:35:16 UTC
Previous filing
12 Feb 2024
Next filing
29 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1,710 +6.6% $0.000000 27,744 26 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $337,931 -867 -3.1% $389.77 26,877 26 Feb 2024 Direct F1
holding ISRG Common Stock 100,353 26 Feb 2024 by Trust

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 -1,710 -50% $0.000000 1,710 26 Feb 2024 Common Stock 1,710 $0.000000 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 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.
F2 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.