Henry L. Charlton - 29 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
SVP & Chief Commercial and Mkt
Signature
By: Donna Spinola For: Charlton, Henry L
Issuer symbol
ISRG
Transactions as of
29 Feb 2024
Net transactions value
-$378,858
Form type
4
Filing time
29 Feb 2024, 18:56:09 UTC
Previous filing
26 Feb 2024
Next filing
26 Aug 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 +1,449 +6.5% $0.000000 23,714 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $248,191 -642 -2.7% $386.59 23,072 29 Feb 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +752 +3.3% $0.000000 23,824 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $130,667 -338 -1.4% $386.59 23,486 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 -752 -33% $0.000000 1,504 29 Feb 2024 Common Stock 752 $0.000000 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1,449 -100% $0.000000* 0 29 Feb 2024 Common Stock 1,449 $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.