Charlton Henry L - Feb 26, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: Senior Vice President & Chief
Signature: By: Donna Spinola For: Henry L Charlton
Stock symbol: ISRG
Transactions as of: Feb 26, 2022
Transactions value $: -$360,112
Form type: 4
Date filed: 3/1/2022, 02:27 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	+1.28K	+8.2%	$0.00	16.9K	Feb 26, 2022	Direct	F1
transaction	ISRG	Common Stock	Tax liability	-$170K	-580	-3.42%	$293.51	16.4K	Feb 26, 2022	Direct	F1
transaction	ISRG	Common Stock	Options Exercise	$0	+1.45K	+8.86%	$0.00	17.8K	Feb 28, 2022	Direct	F1
transaction	ISRG	Common Stock	Tax liability	-$190K	-654	-3.67%	$290.33	17.2K	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	-1.45K	-33.33%	$0.00	2.9K	Feb 28, 2022	Common Stock	1.45K	$0.00	Direct	F1, F2
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-1.28K	-25.01%	$0.00	3.85K	Feb 26, 2022	Common Stock	1.28K	$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.