Miller Brian Edward - Feb 29, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Digital Officer
Signature
By: Stephanie Lim-Ignacio For: Miller, Brian Edward
Stock symbol
ISRG
Transactions as of
Feb 29, 2024
Transactions value $
-$552,051
Form type
4
Date filed
2/29/2024, 07:26 PM
Previous filing
Feb 27, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1.13K +10.46% $0.00 11.9K Feb 29, 2024 Direct F1
transaction ISRG Common Stock Tax liability -$221K -572 -4.8% $386.59 11.3K Feb 29, 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1.69K +14.9% $0.00 13K Feb 29, 2024 Direct F1
transaction ISRG Common Stock Tax liability -$331K -856 -6.57% $386.59 12.2K Feb 29, 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 - 2-28-2020 Options Exercise $0 -1.69K -100% $0.00* 0 Feb 29, 2024 Common Stock 1.69K $0.00 Direct F2
transaction ISRG Restricted Stock Units - 2-28-2022 Options Exercise $0 -1.13K -33.34% $0.00 2.26K Feb 29, 2024 Common Stock 1.13K $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.