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.