Fredrik Widman - 28 Feb 2025 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
VP Corporate Controller
Signature
By: Stephanie Lim-Ignacio For: Widman, Fredrik
Issuer symbol
ISRG
Transactions as of
28 Feb 2025
Net transactions value
-$596,120
Form type
4
Filing time
03 Mar 2025, 19:10:07 UTC
Previous filing
26 Feb 2025
Next filing
06 Nov 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 +468 +45% $0.000000 1,516 28 Feb 2025 Direct F1
transaction ISRG Common Stock Tax liability $131,358 -233 -15% $563.77 1,283 28 Feb 2025 Direct F1
transaction ISRG Common Stock Sale $464,762 -810 -63% $573.78 473 03 Mar 2025 Direct F2

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 -468 -50% $0.000000 468 28 Feb 2025 Common Stock 468 $0.000000 Direct 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 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 These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on March 7, 2025.
F3 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.