Robert DeSantis - 28 May 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Donna Spinola For: DeSantis, Robert
Issuer symbol
ISRG
Transactions as of
28 May 2024
Net transactions value
-$99,462
Form type
4
Filing time
30 May 2024, 13:20:23 UTC
Previous filing
14 May 2024
Next filing
11 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $54,582 +188 +3.4% $290.33 5,694 28 May 2024 Direct F1
transaction ISRG Common Stock Sale $76,029 -188 -3.3% $404.41 5,506 28 May 2024 Direct F1
transaction ISRG Common Stock Options Exercise $68,789 +198 +3.6% $347.42 5,704 28 May 2024 Direct F1
transaction ISRG Common Stock Sale $80,073 -198 -3.5% $404.41 5,506 28 May 2024 Direct F1
transaction ISRG Common Stock Options Exercise $48,629 +198 +3.6% $245.60 5,704 28 May 2024 Direct F1
transaction ISRG Common Stock Sale $80,073 -198 -3.5% $404.41 5,506 28 May 2024 Direct F1
transaction ISRG Common Stock Options Exercise $39,273 +188 +3.4% $208.90 5,694 29 May 2024 Direct F1
transaction ISRG Common Stock Sale $74,559 -188 -3.3% $396.59 5,506 29 May 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -188 -4.5% $0.000000 3,947 29 May 2024 Common Stock 188 $208.90 Direct F1, F2
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -198 -10% $0.000000 1,788 28 May 2024 Common Stock 198 $245.60 Direct F1, F3
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -188 -4.5% $0.000000 3,948 28 May 2024 Common Stock 188 $290.33 Direct F1, F3
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -198 -10% $0.000000 1,788 28 May 2024 Common Stock 198 $347.42 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 These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 9, 2024.
F2 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. Option shall vest 7/48 one month after the date of grant and 1/48 each month thereafter.
F3 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.