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Filing Details

Accession Number:: 0001035267-24-000175
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-14 16:57:44
Reporting Period:: 2024-05-10

Accepted Time:: 2024-05-14 16:57:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1035267	Intuitive Surgical Inc	ISRG	Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842)	770416458

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1808942	Robert Desantis	1020 Kifer Road Sunnyvale CA 94086	Evp & Chief Strategy & Corp Op	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-05-10	120	$304.67	5,627	No	4	M	Direct
Common Stock	Disposition	2024-05-10	120	$385.55	5,507	No	4	S	Direct
Common Stock	Acquisiton	2024-05-10	119	$229.39	5,626	No	4	M	Direct
Common Stock	Disposition	2024-05-10	119	$385.55	5,507	No	4	S	Direct
Common Stock	Acquisiton	2024-05-11	360	$0.00	5,867	No	4	M	Direct
Common Stock	Disposition	2024-05-11	167	$386.70	5,700	No	4	F	Direct
Common Stock	Acquisiton	2024-05-13	90	$179.70	5,790	No	4	M	Direct
Common Stock	Disposition	2024-05-13	90	$389.16	5,700	No	4	S	Direct
Common Stock	Disposition	2024-05-13	194	$389.16	5,506	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2024-05-13	90	$0.00	90	$179.70
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2024-05-10	119	$0.00	119	$229.39
Common Stock	Non-Qualified Stock Option (right to buy)	Disposition	2024-05-10	120	$0.00	120	$304.67
Common Stock	Restricted Stock Units	Disposition	2024-05-11	360	$0.00	360	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2030-05-11	No	4	M	Direct
3,951	2030-02-27	No	4	M	Direct
3,950	2030-08-09	No	4	M	Direct
0	2024-05-11	No	4	M	Direct

Footnotes

These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 9, 2024.
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.
Non-statutory stock option granted pursuant to the 2010 Incentive Award Plan. The grant vests 25% on the first anniversary of the date of grant and monthly thereafter, over a four year period of time.
12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
7/48th of the shares subject to the option vest on the one-month anniversary measured from August 10, 2023, and 1/48th of the total number of shares vest in forty-one (41) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
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.