Jamie Samath - 26 Nov 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Stephanie Lim-Igancio For: Samath, Jamie
Issuer symbol
ISRG
Transactions as of
26 Nov 2024
Net transactions value
-$26,520
Form type
4
Filing time
26 Nov 2024, 18:03:06 UTC
Previous filing
12 Nov 2024
Next filing
02 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $18,761 +54 +0.62% $347.42 8,811 26 Nov 2024 Direct F1
transaction ISRG Common Stock Sale $29,271 -54 -0.61% $542.06 8,757 26 Nov 2024 Direct F1
transaction ISRG Common Stock Options Exercise $13,262 +54 +0.62% $245.60 8,811 26 Nov 2024 Direct F1
transaction ISRG Common Stock Sale $29,271 -54 -0.61% $542.06 8,757 26 Nov 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 -54 -25% $0.000000 159 26 Nov 2024 Common Stock 54 $245.60 Direct F1, F2
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -54 -25% $0.000000 159 26 Nov 2024 Common Stock 54 $347.42 Direct F1, F3
* 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 The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on May 6, 2025.
F2 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The option vests 1/8th six months after the date of grant and 1/48th monthly thereafter.
F3 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.