Mark Brosius - 12 Sep 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Stephanie Lim-Ignacio For: Brosius, Mark
Issuer symbol
ISRG
Transactions as of
12 Sep 2024
Net transactions value
-$914,627
Form type
4
Filing time
16 Sep 2024, 12:29:19 UTC
Previous filing
17 May 2024
Next filing
24 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISGR Common Stock Options Exercise $125,763 +2,115 +717% $59.46 2,410 12 Sep 2024 Direct F1
transaction ISGR Common Stock Sale $1,040,390 -2,115 -88% $491.91 295 12 Sep 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 ISGR Non-Qualified Stock Option Options Exercise $0 -2,115 -100% $0.000000 0 12 Sep 2024 Common Stock 2,115 $59.46 Direct F1, F2
* 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 June 13, 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.

Remarks:

SVP & Chief Mfg and Supply Chain Officer