Fredrik Widman - 26 Feb 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: VP Corporate Controller
Signature: By: Donna Spinola For: Fredrik Widman
Issuer symbol: ISRG
Transactions as of: 26 Feb 2022
Net transactions value: -$147,578
Form type: 4
Filing time: 01 Mar 2022, 14:24:05 UTC
Previous filing: 17 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	+609	+35%	$0.000000	2,340	26 Feb 2022	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$61,931	-211	-9%	$293.51	2,129	26 Feb 2022	Direct	F1
transaction	ISRG	Common Stock	Options Exercise	$0	+852	+40%	$0.000000	2,981	28 Feb 2022	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$85,647	-295	-9.9%	$290.33	2,686	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	-852	-33%	$0.000000	1,698	28 Feb 2022	Common Stock	852	$0.000000	Direct	F1, F2
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-609	-25%	$0.000000	1,824	26 Feb 2022	Common Stock	609	$0.000000	Direct	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.