Curet Myriam - Nov 16, 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Donna Spinola For: Curet, Myriam
Stock symbol
ISRG
Transactions as of
Nov 16, 2023
Transactions value $
-$1,119,901
Form type
4
Date filed
11/17/2023, 03:00 PM
Previous filing
Sep 20, 2023
Next filing
Dec 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $502K +2.82K +1491.53% $177.99 3.01K Nov 16, 2023 Direct F1
transaction ISRG Common Stock Sale -$846K -2.82K -93.72% $300.00 189 Nov 16, 2023 Direct F1
transaction ISRG Common Stock Options Exercise $750K +4.5K +2380.95% $166.62 4.69K Nov 16, 2023 Direct F1
transaction ISRG Common Stock Sale -$1.35M -4.5K -95.97% $300.00 189 Nov 16, 2023 Direct F1
transaction ISRG Common Stock Options Exercise $274K +1.5K +793.65% $182.83 1.69K Nov 16, 2023 Direct F1
transaction ISRG Common Stock Sale -$450K -1.5K -88.81% $300.00 189 Nov 16, 2023 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 -4.5K -100% $0.00* 0 Nov 16, 2023 Common Stock 4.5K $166.62 Direct F1, F2
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -2.82K -20.84% $0.00 10.7K Nov 16, 2023 Common Stock 2.82K $177.99 Direct F1, F3
transaction ISRG Non-Qualified Stock Option (right to buy) Options Exercise $0 -1.5K -14.29% $0.00 9K Nov 16, 2023 Common Stock 1.5K $182.83 Direct F1, F3
* 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 August 12, 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.