Robert DeSantis - 29 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Strategy & Corp Op
Signature
By: Donna Spinola For: DeSantis, Robert
Issuer symbol
ISRG
Transactions as of
29 Feb 2024
Net transactions value
-$657,203
Form type
4
Filing time
29 Feb 2024, 17:16:34 UTC
Previous filing
27 Feb 2024
Next filing
11 Mar 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 +2,172 +24% $0.000000 11,271 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $387,750 -1,003 -8.9% $386.59 10,268 29 Feb 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1,504 +15% $0.000000 11,772 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability $269,453 -697 -5.9% $386.59 11,075 29 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 -2,172 -100% $0.000000* 0 29 Feb 2024 Common Stock 2,172 $0.000000 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1,504 -33% $0.000000 3,007 29 Feb 2024 Common Stock 1,504 $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 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.