David J Rosa - 29 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
President
Signature
By: Donna Spinola For: Rosa, David J
Issuer symbol
ISRG
Transactions as of
29 Feb 2024
Net transactions value
-$736,454
Form type
4
Filing time
29 Feb 2024, 13:18:43 UTC
Previous filing
27 Feb 2024
Next filing
17 May 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 +2,253 +1% $0.000000 218,193 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $441,486 -1,142 -0.52% $386.59 217,051 29 Feb 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1,504 +0.69% $0.000000 218,555 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $294,968 -763 -0.35% $386.59 217,792 29 Feb 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 -2,253 -100% $0.000000* 0 29 Feb 2024 Common Stock 2,253 $0.000000 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1,504 -33% $0.000000 3,007 29 Feb 2024 Common Stock 1,504 $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.