DeSantis Robert - Feb 26, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Product Officer
Signature
By: Donna Spinola For: Robert DeSantis
Stock symbol
ISRG
Transactions as of
Feb 26, 2022
Transactions value $
-$508,970
Form type
4
Date filed
3/1/2022, 01:48 PM
Previous filing
Feb 16, 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 +1.59K +36.68% $0.00 5.93K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$216K -737 -12.44% $293.51 5.19K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2.18K +41.92% $0.00 7.36K Feb 28, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$293K -1.01K -13.69% $290.33 6.36K Feb 28, 2022 Direct

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 -2.18K -33.35% $0.00 4.35K Feb 28, 2022 Common Stock 2.18K $0.00 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1.59K -25.02% $0.00 4.76K Feb 26, 2022 Common Stock 1.59K $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.