Andersen Reiter Kara - Feb 26, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Sr VP General Counsel & CCO
Signature
By: Donna Spinola For: Kara Andersen Reiter
Stock symbol
ISRG
Transactions as of
Feb 26, 2022
Transactions value $
-$368,629
Form type
4
Date filed
3/1/2022, 01:53 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 +1.47K +8.77% $0.00 18.2K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$206K -702 -3.86% $293.51 17.5K Feb 26, 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1.13K +6.45% $0.00 18.6K Feb 28, 2022 Direct F1
transaction ISRG Common Stock Tax liability -$163K -560 -3.01% $290.33 18.1K Feb 28, 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 -1.13K -33.36% $0.00 2.25K Feb 28, 2022 Common Stock 1.13K $0.00 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1.47K -25.01% $0.00 4.4K Feb 26, 2022 Common Stock 1.47K $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.