Mark Brosius - 29 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
SVP & Chief Mfg and Supply Cha
Signature
By: Stephanie Lim-Ignacio For: Brosius, Mark
Issuer symbol
ISRG
Transactions as of
29 Feb 2024
Net transactions value
-$361,462
Form type
4
Filing time
29 Feb 2024, 19:38:40 UTC
Previous filing
27 Feb 2024
Next filing
07 Mar 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 +966 +85% $0.000000 2,096 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $189,429 -490 -23% $386.59 1,606 29 Feb 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +877 +55% $0.000000 2,483 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $172,033 -445 -18% $386.59 2,038 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 - 2-28-2020 Options Exercise $0 -966 -100% $0.000000* 0 29 Feb 2024 Common Stock 966 $0.000000 Direct F2
transaction ISRG Restricted Stock Units - 2-28-2022 Options Exercise $0 -877 -33% $0.000000 1,754 29 Feb 2024 Common Stock 877 $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.