Robert DeSantis - 10 May 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 May 2024, 16:57:44 UTC
Prior SEC filing
30 Apr 2024
Next SEC filing
30 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: Donna Spinola For: DeSantis, Robert

Key filing fact

Robert DeSantis filed Form 4 for INTUITIVE SURGICAL INC (ISRG) on 14 May 2024.

Key facts

  • This page summarizes Robert DeSantis's Form 4 filing for INTUITIVE SURGICAL INC (ISRG).
  • 13 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 14 May 2024, 16:57.

Change

  • Previous filing in this sequence was filed on 30 Apr 2024.
  • Current net transaction value: -$187,216.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ISRG transaction

Common Stock

Options Exercise

Transaction value
$36,560
Shares
+120
Change %
+2.2%
Price
$304.67
Shares after
5,627
Date
10 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Sale

Transaction value
$46,266
Shares
-120
Change %
-2.1%
Price
$385.55
Shares after
5,507
Date
10 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Options Exercise

Transaction value
$27,297
Shares
+119
Change %
+2.2%
Price
$229.39
Shares after
5,626
Date
10 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Sale

Transaction value
$45,880
Shares
-119
Change %
-2.1%
Price
$385.55
Shares after
5,507
Date
10 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+360
Change %
+6.5%
Price
$0.000000
Shares after
5,867
Date
11 May 2024
Ownership
Direct
Footnotes
F2
ISRG transaction

Common Stock

Tax liability

Transaction value
$64,579
Shares
-167
Change %
-2.8%
Price
$386.70
Shares after
5,700
Date
11 May 2024
Ownership
Direct
Footnotes
F2
ISRG transaction

Common Stock

Options Exercise

Transaction value
$16,173
Shares
+90
Change %
+1.6%
Price
$179.70
Shares after
5,790
Date
13 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Sale

Transaction value
$35,024
Shares
-90
Change %
-1.6%
Price
$389.16
Shares after
5,700
Date
13 May 2024
Ownership
Direct
Footnotes
F1
ISRG transaction

Common Stock

Sale

Transaction value
$75,497
Shares
-194
Change %
-3.4%
Price
$389.16
Shares after
5,506
Date
13 May 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ISRG transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-90
Change %
-100%
Price
$0.000000*
Shares after
0
Date
13 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
90
Exercise price
$179.70
Footnotes
F1, F3
ISRG transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-119
Change %
-2.9%
Price
$0.000000
Shares after
3,951
Date
10 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
119
Exercise price
$229.39
Footnotes
F1, F4
ISRG transaction Derivative

Non-Qualified Stock Option (right to buy)

Options Exercise

Transaction value
$0
Shares
-120
Change %
-2.9%
Price
$0.000000
Shares after
3,950
Date
10 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
120
Exercise price
$304.67
Footnotes
F1, F5
ISRG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-360
Change %
-100%
Price
$0.000000*
Shares after
0
Date
11 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
360
Exercise price
$0.000000
Footnotes
F2, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 6 footnotes

Footnote F1

These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 9, 2024.

Footnote F2

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.

Footnote F3

Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The grant vests 25% on the first anniversary of the date of grant and monthly thereafter, over a four year period of time.

Footnote F4

12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.

Footnote F5

7/48th of the shares subject to the option vest on the one-month anniversary measured from August 10, 2023, and 1/48th of the total number of shares vest in forty-one (41) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.

Footnote F6

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.

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