DeSantis Robert - May 11, 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: EVP & Chief Product Officer
Signature: By: Donna Spinola For: DeSantis, Robert
Stock symbol: ISRG
Transactions as of: May 11, 2022
Transactions value $: -$35,637
Form type: 4
Date filed: 5/13/2022, 05:15 PM
Previous filing: Apr 27, 2022
Next filing: Aug 30, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISRG	Common Stock	Options Exercise	$0	+363	+5.52%	$0.00	6.94K	May 11, 2022	Direct	F1, F2
transaction	ISRG	Common Stock	Tax liability	-$35.6K	-169	-2.44%	$210.87	6.77K	May 11, 2022	Direct	F1, F2

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	-363	-33.43%	$0.00	723	May 11, 2022	Common Stock	363	$0.00	Direct	F1, F3

* 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	Amount of securities beneficially owned includes 219 net shares from previous vesting.
F3	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.