GUTHART GARY S - 29 Feb 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
CEO, Director
Signature
By: Donna Spinola For: Guthart, Gary S
Issuer symbol
ISRG
Transactions as of
29 Feb 2024
Transactions value $
-$1,248,686
Form type
4
Filing time
01 Mar 2024, 13:01:08 UTC
Previous filing
26 Feb 2024
Next filing
17 May 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 +3.86K +31.63% $0.00 16.1K 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability -$757K -1.96K -12.18% $386.59 14.1K 29 Feb 2024 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2.51K +17.74% $0.00 16.6K 29 Feb 2024 Direct F1
transaction ISRG Common Stock Tax liability -$491K -1.27K -7.64% $386.59 15.4K 29 Feb 2024 Direct F1
holding ISRG Common Stock 1.2M 29 Feb 2024 by Trust
holding ISRG Common Stock 27.4K 29 Feb 2024 by Trust FBO Daughte
holding ISRG Common Stock 27.4K 29 Feb 2024 by Trust FBO Son

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 -3.86K -100% $0.00* 0 29 Feb 2024 Common Stock 3.86K $0.00 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -2.51K -33.33% $0.00 5.01K 29 Feb 2024 Common Stock 2.51K $0.00 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.