Charlton Henry L - Feb 15, 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Senior Vice President & Chief
Signature
By: Donna Spinola For: Charlton, Henry L
Stock symbol
ISRG
Transactions as of
Feb 15, 2023
Transactions value $
-$101,090
Form type
4
Date filed
2/16/2023, 04:29 PM
Previous filing
Aug 30, 2022
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +1.31K +7.59% $0.00 18.6K Feb 15, 2023 Direct F1
transaction ISRG Common Stock Tax liability -$101K -413 -2.22% $244.77 18.2K Feb 15, 2023 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 -1.31K -100% $0.00* 0 Feb 15, 2023 Common Stock 1.31K $0.00 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.