Myriam Curet McAdams - 26 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Medical Officer
Signature
By: Donna Spinola For: Curet, Myriam
Issuer symbol
ISRG
Transactions as of
26 Feb 2024
Net transactions value
-$663,716
Form type
4
Filing time
27 Feb 2024, 15:58:42 UTC
Previous filing
13 Feb 2024
Next filing
29 Feb 2024
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 $0 +1,710 +574% $0.000000 2,008 26 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $337,931 -867 -43% $389.77 1,141 26 Feb 2024 Direct F1
transaction ISRG Common Stock Sale $325,786 -843 -74% $386.46 298 27 Feb 2024 Direct F2

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 F3
transaction ISRG Restricted Stock Units - 2-26-2024 Award $0 +9,158 $0.000000 9,158 26 Feb 2024 Common Stock 9,158 $0.000000 Direct F4
* 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 These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on August 12, 2024.
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.
F4 Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 33% on the first anniversary of the date of grant and annually thereafter, over a three year period of time.