Guthart Gary S - Jan 29, 2024 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Signature
By: Donna Spinola For: Guthart, Gary S
Stock symbol
ISRG
Transactions as of
Jan 29, 2024
Transactions value $
-$9,282,966
Form type
4
Date filed
1/30/2024, 04:28 PM
Previous filing
Oct 26, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $1.72M +33.8K $51.02 33.8K Jan 29, 2024 Direct F1
transaction ISRG Common Stock Sale -$9.15M -24.3K -72.07% $376.06 9.43K Jan 29, 2024 Direct F1
transaction ISRG Common Stock Sale -$929K -2.48K -8.31% $374.41 27.4K Jan 29, 2024 by Trust FBO Daughte F1
transaction ISRG Common Stock Sale -$929K -2.48K -8.31% $374.41 27.4K Jan 29, 2024 by Trust FBO Son F1
holding ISRG Common Stock 1.2M Jan 29, 2024 by Trust

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 -33.8K -100% $0.00* 0 Jan 29, 2024 Common Stock 33.8K $51.02 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 April 29, 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.