Robert DeSantis Form 4 INTUITIVE SURGICAL / Robert DeSantis ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DeSantis Robert

(Last)

(First)

(Middle)

1020 KIFER ROAD

(Street)

SUNNYVALE

94086

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
INTUITIVE SURGICAL INC [ ISRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP & Chief Strategy & Corp Op

3. Date of Earliest Transaction (Month/Day/Year)
07/26/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/26/2024		M⁽¹⁾		188	A	$290.33	5,694	D
Common Stock	07/26/2024		S⁽¹⁾		188	D	$438.6	5,506	D
Common Stock	07/26/2024		M⁽¹⁾		399	A	$347.4167	5,905	D
Common Stock	07/26/2024		S⁽¹⁾		399	D	$438.6	5,506	D
Common Stock	07/26/2024		M⁽¹⁾		399	A	$245.6	5,905	D
Common Stock	07/26/2024		S⁽¹⁾		399	D	$438.6	5,506	D
Common Stock	07/26/2024		M⁽¹⁾		120	A	$304.67	5,626	D
Common Stock	07/26/2024		S⁽¹⁾		120	D	$438.6	5,506	D
Common Stock	07/26/2024		M⁽¹⁾		120	A	$229.39	5,626	D
Common Stock	07/26/2024		S⁽¹⁾		120	D	$438.6	5,506	D
Common Stock	07/26/2024		M⁽¹⁾		187	A	$208.9	5,693	D
Common Stock	07/26/2024		S⁽¹⁾		187	D	$438.6	5,506	D
Common Stock	07/29/2024		M⁽¹⁾		188	A	$290.33	5,694	D
Common Stock	07/29/2024		S⁽¹⁾		188	D	$446.6	5,506	D
Common Stock	07/29/2024		M⁽¹⁾		188	A	$208.9	5,694	D
Common Stock	07/29/2024		S⁽¹⁾		188	D	$446.6	5,506	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$208.9	07/26/2024		M⁽¹⁾			187	⁽²⁾	08/28/2029	Common Stock	187	$0.0	3,760	D
Non-Qualified Stock Option (right to buy)	$208.9	07/29/2024		M⁽¹⁾			188	⁽²⁾	08/28/2029	Common Stock	188	$0.0	3,572	D
Non-Qualified Stock Option (right to buy)	$229.39	07/26/2024		M⁽¹⁾			120	⁽³⁾	02/27/2030	Common Stock	120	$0.0	3,711	D
Non-Qualified Stock Option (right to buy)	$245.6	07/26/2024		M⁽¹⁾			399	⁽⁴⁾	02/26/2031	Common Stock	399	$0.0	1,389	D
Non-Qualified Stock Option (right to buy)	$290.33	07/26/2024		M⁽¹⁾			188	⁽⁴⁾	02/28/2029	Common Stock	188	$0.0	3,760	D
Non-Qualified Stock Option (right to buy)	$290.33	07/29/2024		M⁽¹⁾			188	⁽⁴⁾	02/28/2029	Common Stock	188	$0.0	3,572	D
Non-Qualified Stock Option (right to buy)	$304.67	07/26/2024		M⁽¹⁾			120	⁽⁵⁾	08/09/2030	Common Stock	120	$0.0	3,711	D
Non-Qualified Stock Option (right to buy)	$347.4167	07/26/2024		M⁽¹⁾			399	⁽²⁾	08/26/2031	Common Stock	399	$0.0	1,389	D

Explanation of Responses:

1. These shares were sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on December 9, 2024.

2. 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.

3. 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.

4. 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.

5. 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.

	By: Donna Spinola For: DeSantis, Robert	07/30/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Robert DeSantis Form 4INTUITIVE SURGICAL / Robert DeSantis ownership change