Company: ISRG
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001035267-25-000098
Chunk: 80

Company: INTUITIVE SURGICAL INC
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 80
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, including overhang calculations, and assumes stockholders approve the Amended 2010 Plan:

| 2010 Plan                                                                                       |     | February 27, 2025 |  16,989,135 |     | December 31, 2024 |  20,584,056 |
|:------------------------------------------------------------------------------------------------|:----|:------------------|------------:|:----|:------------------|------------:|
| Proposed shares under the Amended 2010 Plan                                                     |     |                   |   5,000,000 |     |                   |           — |
| Total estimated shares available to grant                                                       |     |                   |  21,989,135 |     |                   |  20,584,056 |
| Options, RSUs, and PSUs (based on maximum performance for open performance periods) outstanding |     |                   |  12,499,465 |     |                   |  12,640,347 |
| Total overhang                                                                                  |     |                   |  34,488,600 |     |                   |  33,224,403 |
| Shares outstanding                                                                              |     |                   | 358,036,254 |     |                   | 356,625,204 |
| Total overhang percentage                                                                       |     | 9.6%              |             |     | 9.3%              |             |

We believe that our burn rate and equity overhang are reasonable in relation to companies in our industry and reflect a judicious use of equity for compensation purposes.

The following table summarizes significant ranges of outstanding and exercisable options as of February 27, 2025:

| Range of Exercise Prices |     | Options Outstanding 
 Number of Shares    |           |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life        |     |     | Weighted Average Exercise Price Per Share |        |     | Aggregate Intrinsic Value (in millions)(1) |       |     | Options Exercisable 
 Number of Shares    |           |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life        |     |     | Weighted Average Exercise Price Per Share |        |     | Aggregate Intrinsic Value (in millions)(1) |       |
|:-------------------------|:----|:--------------------|----------:|:----|:------------|----:|:----|:------------------------------------------|-------:|:----|:-------------------------------------------|------:|:----|:--------------------|----------:|:----|: