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

Role
VP Corporate Controller
Signature
By: Donna Spinola, Attorney-in-fact For: Fredrik Widman
Stock symbol
ISRG
Transactions as of
Feb 15, 2022
Transactions value $
-$94,894
Form type
4
Date filed
2/17/2022, 01:43 PM
Previous filing
Jan 10, 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 +486 +41.19% $0.00 1.67K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$55.5K -192 -11.52% $289.31 1.47K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +393 +26.66% $0.00 1.87K Feb 15, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$39.3K -136 -7.28% $289.31 1.73K Feb 15, 2022 Direct F1

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 -486 -100% $0.00* 0 Feb 15, 2022 Common Stock 486 $0.00 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -393 -50% $0.00 393 Feb 15, 2022 Common Stock 393 $0.00 Direct F2
* 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 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.