Mark Brosius - 10 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Title: SVP & Chief Mfg and Supply Chain Officer
Signature
By: Donna Spinola For: Brosius, Mark
Issuer symbol
ISRG
Transactions as of
10 Feb 2024
Net transactions value
-$164,994
Form type
4
Filing time
12 Feb 2024, 16:23:48 UTC
Previous filing
05 Feb 2024
Next filing
13 Feb 2024
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 +838 +187% $0.000000 1,286 10 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $164,994 -425 -33% $388.22 861 10 Feb 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 -838 -25% $0.000000 2,514 10 Feb 2024 Common Stock 838 $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 each anniversary of February 10, 2023. 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 Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.

Remarks:

Title: SVP & Chief Mfg and Supply Chain Officer