DeSantis Robert - Feb 27, 2025 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Strategy & Corp Op
Signature
By: Stephanie Lim-Ignacio For: DeSantis, Robert
Stock symbol
ISRG
Transactions as of
Feb 27, 2025
Transactions value $
-$2,003,075
Form type
4
Date filed
3/3/2025, 06:56 PM
Previous filing
Feb 27, 2025
Next filing
Mar 14, 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 Award $0 +7.52K +93.75% $0.00 15.5K Feb 27, 2025 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1.5K +9.68% $0.00 17K Feb 28, 2025 Direct F2
transaction ISRG Common Stock Tax liability -$334K -592 -3.47% $563.77 16.4K Feb 28, 2025 Direct F2
transaction ISRG Common Stock Tax liability -$1.67M -2.96K -18% $563.77 13.5K Feb 28, 2025 Direct F3

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 -1.5K -50.02% $0.00 1.5K Feb 28, 2025 Common Stock 1.5K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the certification of the performance goals under performance stock units ("PSUs").
F2 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.
F3 This transaction represents the withholding of shares to cover taxes applicable to a settlement of PSUs reported on this Form 4.
F4 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.