Curet Myriam - Feb 15, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Medical Officer
Signature
By: Donna Spinola For: Myriam Curet
Stock symbol
ISRG
Transactions as of
Feb 15, 2022
Transactions value $
-$1,373,165
Form type
4
Date filed
2/17/2022, 11:42 AM
Previous filing
Jan 26, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +3K +831.02% $0.00 3.36K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$406K -1.4K -41.74% $289.31 1.96K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1.75K +89.33% $0.00 3.71K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$251K -868 -23.42% $289.31 2.84K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Sale -$716K -2.48K -87.28% $289.00 361 Feb 16, 2022 Direct F2

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 Restricted Stock Units Options Exercise $0 -3K -100% $0.00* 0 Feb 15, 2022 Common Stock 3K $0.00 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -1.75K -50% $0.00 1.75K Feb 15, 2022 Common Stock 1.75K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 exercised and sold in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on August 9, 2022.
F3 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 25% on the first anniversary of the date of grant and annually thereafter, over a four year period of time.