Gary Howard Loeb - 10 Oct 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
General Counsel
Signature
By: Stephanie Lim-Ignacio For: Loeb, Gary Howard
Issuer symbol
ISRG
Transactions as of
10 Oct 2024
Net transactions value
-$577,668
Form type
4
Filing time
10 Oct 2024, 14:36:36 UTC
Previous filing
09 Sep 2024
Next filing
10 Feb 2025
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 +2,613 +164% $0.000000 4,208 10 Oct 2024 Direct F1
transaction ISRG Common Stock Tax liability $577,668 -1,178 -28% $490.38 3,030 10 Oct 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 Options Exercise $0 -2,613 -33% $0.000000 5,224 10 Oct 2024 Common Stock 0 $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 Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, 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 of time.