Rosa David J. - Feb 28, 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 28, 2023
Transactions value $
-$427,812
Form type
4
Date filed
3/1/2023, 04:14 PM
Previous filing
Feb 27, 2023
Next filing
Apr 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +2.26K +1.77% $0.00 130K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Tax liability -$257K -1.12K -0.86% $229.39 129K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Options Exercise $0 +1.5K +1.17% $0.00 130K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Tax liability -$171K -746 -0.57% $229.39 129K Feb 28, 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 Non-Qualified Stock Option (right to buy) Award $0 +8.62K $0.00 8.62K Feb 28, 2023 Common Stock 8.62K $229.39 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -2.26K -50.03% $0.00 2.25K Feb 28, 2023 Common Stock 2.26K $0.00 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -1.5K -25% $0.00 4.51K Feb 28, 2023 Common Stock 1.5K $0.00 Direct F3
transaction ISRG Restricted Stock Units Award $0 +5.75K $0.00 5.75K Feb 28, 2023 Common Stock 5.75K $0.00 Direct F4
* 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 12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
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.
F4 Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.