David J Rosa - 26 Feb 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Executive Vice President and C
Signature
By: Donna Spinola For: David Rosa
Issuer symbol
ISRG
Transactions as of
26 Feb 2022
Net transactions value
-$574,363
Form type
4
Filing time
01 Mar 2022, 13:32:06 UTC
Previous filing
16 Feb 2022
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1,713 +1.5% $0.000000 116,655 26 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $249,484 -850 -0.73% $293.51 115,805 26 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2,256 +1.9% $0.000000 118,061 28 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $324,879 -1,119 -0.95% $290.33 116,942 28 Feb 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 -2,256 -33% $0.000000 4,509 28 Feb 2022 Common Stock 2,256 $0.000000 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1,713 -25% $0.000000 5,130 26 Feb 2022 Common Stock 1,713 $0.000000 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.