Loeb Gary - Feb 26, 2025 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Legal and Complian
Signature
By: Stephanie Lim-Ignacio For: Loeb, Gary Howard
Stock symbol
ISRG
Transactions as of
Feb 26, 2025
Transactions value $
-$434,895
Form type
4
Date filed
2/27/2025, 04:40 PM
Previous filing
Feb 12, 2025
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 +1.53K +48.08% $0.00 4.7K Feb 26, 2025 Direct F1
transaction ISRG Common Stock Tax liability -$435K -758 -16.12% $573.74 3.95K Feb 26, 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 Restricted Stock Units - 2-26-2024 Options Exercise $0 -1.53K -25.01% $0.00 4.58K Feb 26, 2025 Common Stock 1.53K $0.00 Direct F2
transaction ISRG Restricted Stock Units - 2-26-2025 Award $0 +3.66K $0.00 3.66K Feb 26, 2025 Common Stock 3.66K $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.