Fredrik Widman - 15 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: VP Corporate Controller
Signature: By: Donna Spinola For: Widman, Fredrik
Issuer symbol: ISRG
Transactions as of: 15 Feb 2023
Net transactions value: -$39,408
Form type: 4
Filing time: 16 Feb 2023, 18:44:15 UTC
Previous filing: 14 Feb 2023
Next filing: 16 Feb 2023
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	+393	+26%	$0.000000	1,882	15 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$39,408	-161	-8.6%	$244.77	1,721	15 Feb 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	-393	-100%	$0.000000^*	0	15 Feb 2023	Common Stock	393	$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.