Gary S. Guthart - 28 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: President & CEO, Director
Signature: By: Donna Spinola For: Guthart, Gary S
Issuer symbol: ISRG
Transactions as of: 28 Feb 2023
Net transactions value: -$724,643
Form type: 4
Filing time: 01 Mar 2023, 16:34:01 UTC
Previous filing: 27 Feb 2023
Next filing: 31 May 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	+3,864	+14%	$0.000000	31,184	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$439,511	-1,916	-6.1%	$229.39	29,268	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Options Exercise	$0	+2,507	+8.6%	$0.000000	31,775	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$285,132	-1,243	-3.9%	$229.39	30,532	28 Feb 2023	Direct	F1
holding	ISRG	Common Stock						1,165,561	28 Feb 2023	by Trust
holding	ISRG	Common Stock						34,800	28 Feb 2023	by Trust FBO Daughte
holding	ISRG	Common Stock						34,800	28 Feb 2023	by Trust FBO Son

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	+15,801		$0.000000	15,801	28 Feb 2023	Common Stock	15,801	$229.39	Direct	F2
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-3,864	-50%	$0.000000	3,864	28 Feb 2023	Common Stock	3,864	$0.000000	Direct	F3
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-2,507	-25%	$0.000000	7,518	28 Feb 2023	Common Stock	2,507	$0.000000	Direct	F3
transaction	ISRG	Restricted Stock Units	Award	$0	+10,534		$0.000000	10,534	28 Feb 2023	Common Stock	10,534	$0.000000	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.