Guthart Gary S - Feb 29, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
CEO, Director
Signature
By: Donna Spinola For: Guthart, Gary S
Stock symbol
ISRG
Transactions as of
Feb 29, 2024
Transactions value $
-$1,248,686
Form type
4
Date filed
3/1/2024, 01:01 PM
Previous filing
Feb 26, 2024
Next filing
May 17, 2024

Transactions Table

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 -3.86K -100% $0.00* 0 Feb 29, 2024 Common Stock 3.86K $0.00 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -2.51K -33.33% $0.00 5.01K Feb 29, 2024 Common Stock 2.51K $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.