Widman Fredrik - Mar 15, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Donna Spinola For: Widman, Fredrik
Stock symbol
ISRG
Transactions as of
Mar 15, 2024
Transactions value $
-$1,929,135
Form type
4
Date filed
3/18/2024, 02:35 PM
Previous filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Sale -$1.52M -3.82K -97.2% $397.07 110 Mar 15, 2024 Direct F1
transaction ISRG Common Stock Options Exercise $36.2K +612 +556.36% $59.23 722 Mar 15, 2024 Direct F1
transaction ISRG Common Stock Sale -$243K -612 -84.76% $397.07 110 Mar 15, 2024 Direct F1
transaction ISRG Common Stock Options Exercise $36.2K +612 +556.36% $59.23 722 Mar 15, 2024 Direct F1
transaction ISRG Common Stock Sale -$243K -612 -84.76% $397.07 110 Mar 15, 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -612 -50% $0.00 612 Mar 15, 2024 Common Stock 612 $59.23 Direct F1, F2
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -612 -100% $0.00* 0 Mar 15, 2024 Common Stock 612 $59.23 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on March 7, 2025.
F2 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48 one month after the date of grant and 1/48 each month thereafter.