Charlton Henry L - Feb 15, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Senior Vice President & Chief
Signature
By: Donna Spinola, Attorney-in-fact For: Henry L Charlton
Stock symbol
ISRG
Transactions as of
Feb 15, 2022
Transactions value $
-$281,209
Form type
4
Date filed
2/17/2022, 05:25 PM
Previous filing
Jan 7, 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 +1.88K +13.95% $0.00 15.3K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Tax liability -$167K -577 -3.77% $289.31 14.7K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Options Exercise $0 +1.31K +8.89% $0.00 16.1K Feb 15, 2022 Direct F1, F2
transaction ISRG Common Stock Tax liability -$114K -395 -2.46% $289.31 15.7K Feb 15, 2022 Direct F1, 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 -1.88K -100% $0.00* 0 Feb 15, 2022 Common Stock 1.88K $0.00 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -1.31K -50% $0.00 1.31K Feb 15, 2022 Common Stock 1.31K $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 Includes 321 shares that should have been included on Form 3 filed Jan 7, 2022.
F3 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.