DeSantis Robert - Feb 26, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Strategy & Corp Op
Signature
By: Donna Spinola For: DeSantis, Robert
Stock symbol
ISRG
Transactions as of
Feb 26, 2024
Transactions value $
-$194,105
Form type
4
Date filed
2/27/2024, 06:34 PM
Previous filing
Feb 12, 2024
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1.59K +19.81% $0.00 9.6K Feb 26, 2024 Direct F1
transaction ISRG Common Stock Tax liability -$194K -498 -5.19% $389.77 9.1K Feb 26, 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 -1.59K -50% $0.00 1.59K Feb 26, 2024 Common Stock 1.59K $0.00 Direct F2
transaction ISRG Restricted Stock Units - 2-26-2024 Award $0 +6.11K $0.00 6.11K Feb 26, 2024 Common Stock 6.11K $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 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.