MARSHALL MOHR - 26 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Executive VP Global Business S
Signature
By: Donna Spinola For: Mohr, Marshall L
Issuer symbol
ISRG
Transactions as of
26 Feb 2023
Transactions value $
-$195,930
Form type
4
Filing time
27 Feb 2023, 16:15:57 UTC
Previous filing
16 Feb 2023
Next filing
01 Mar 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 +1.71K +7.9% $0.00 23.3K 26 Feb 2023 Direct F1
transaction ISRG Common Stock Tax liability -$196K -848 -3.63% $231.05 22.5K 26 Feb 2023 Direct F1
holding ISRG Common Stock 100K 26 Feb 2023 by Trust

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 -1.71K -33.33% $0.00 3.42K 26 Feb 2023 Common Stock 1.71K $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.