Loeb Gary - Feb 12, 2025 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Stephanie Lim-Ignacio For: Loeb, Gary Howard
Stock symbol
ISRG
Transactions as of
Feb 12, 2025
Transactions value $
-$1,032,824
Form type
4
Date filed
2/12/2025, 09:00 PM
Previous filing
Feb 10, 2025
Next filing
Feb 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $243K +1.3K +40.93% $186.55 4.48K Feb 12, 2025 Direct F1
transaction ISRG Common Stock Sale -$759K -1.3K -29.04% $583.79 3.18K Feb 12, 2025 Direct F1
transaction ISRG Common Stock Options Exercise $243K +1.3K +40.93% $186.55 4.48K Feb 12, 2025 Direct F1
transaction ISRG Common Stock Sale -$759K -1.3K -29.04% $583.79 3.18K Feb 12, 2025 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 -1.3K -12.44% $0.00 9.15K Feb 12, 2025 Common Stock 1.3K $186.55 Direct F1, F2
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.3K -14.21% $0.00 7.85K Feb 12, 2025 Common Stock 1.3K $186.55 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 November 13, 2025.
F2 Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The option vests 1/4th on the first anniversary of the date of grant and 1/48th monthly thereafter.