Guthart Gary S - Feb 26, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
President & CEO, Director
Signature
By: Donna Spinola For: Gary S Guthart
Stock symbol
ISRG
Transactions as of
Feb 26, 2022
Transactions value $
-$997,998
Form type
4
Date filed
3/1/2022, 01:18 PM
Previous filing
Feb 17, 2022
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +3.03K +66.7% $0.00 7.57K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$441K -1.5K -19.85% $293.51 6.07K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +3.87K +63.71% $0.00 9.94K Feb 28, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$557K -1.92K -19.3% $290.33 8.02K Feb 28, 2022 Direct F1
holding ISRG Common Stock 1.11M Feb 26, 2022 by Trust
holding ISRG Common Stock 34.8K Feb 26, 2022 by Trust FBO Daughte
holding ISRG Common Stock 34.8K Feb 26, 2022 by Trust FBO Son

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 -3.87K -33.35% $0.00 7.73K Feb 28, 2022 Common Stock 3.87K $0.00 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -3.03K -25% $0.00 9.09K Feb 26, 2022 Common Stock 3.03K $0.00 Direct F1, 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.