Gary Howard Loeb - 10 Oct 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: General Counsel
Signature: By: Donna Spinola For: Loeb, Gary Howard
Issuer symbol: ISRG
Transactions as of: 10 Oct 2023
Net transactions value: -$269,238
Form type: 4
Filing time: 12 Oct 2023, 17:18:21 UTC
Previous filing: 11 Aug 2023
Next filing: 12 Feb 2024
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	+2,613		$0.000000	2,613	10 Oct 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$269,238	-904	-35%	$297.83	1,709	10 Oct 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	-2,613	-25%	$0.000000	7,837	10 Oct 2023	Common Stock	2,613	$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 Restricted Stock Unit, granted pursuant to the 2010 Employee Stock Option Plan, 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 of time.