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INTUITIVE SURGICAL INC — Director's Dealing 2024
Feb 27, 2024
29809_dirs_2024-02-27_2d9bf9b4-2b43-4e9c-b755-6eb8324d36e2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2024-02-26
Reporting Person: Curet Myriam (EVP & Chief Medical Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-26 | Common Stock | M | 1710 | $0.0 | Acquired | 2008 | Direct |
| 2024-02-26 | Common Stock | F | 867 | $389.77 | Disposed | 1141 | Direct |
| 2024-02-27 | Common Stock | S | 843 | $386.46 | Disposed | 298 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-26 | Restricted Stock Units | $0.0 | M | 1710 | Disposed | 2025-02-26 | Common Stock (1710) | Direct |
| 2024-02-26 | Restricted Stock Units - 2-26-2024 | $0.0 | A | 9158 | Acquired | Common Stock (9158) | Direct |
Footnotes
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: These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on August 12, 2024.
F3: 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.
F4: Each Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, represents a contingent right to receive one share of Intuitive Surgical common stock. The grant vests 33% on the first anniversary of the date of grant and annually thereafter, over a three year period of time.