Rosa David J. - Feb 26, 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: EVP Chief Strategy & Growth Of
Signature: By: Donna Spinola For: Rosa, David J
Stock symbol: ISRG
Transactions as of: Feb 26, 2023
Transactions value $: -$195,930
Form type: 4
Date filed: 2/27/2023, 05:06 PM
Previous filing: Feb 16, 2023
Next filing: Mar 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ISRG	Common Stock	Options Exercise	$0	+1.71K	+1.35%	$0.00	128K	Feb 26, 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	-$196K	-848	-0.66%	$231.05	127K	Feb 26, 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	-1.71K	-33.33%	$0.00	3.42K	Feb 26, 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.