Gary S. Guthart - 15 Feb 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role: President & CEO, Director
Signature: By: Donna Spinola For: Gary S Guthart
Issuer symbol: ISRG
Transactions as of: 15 Feb 2022
Net transactions value: -$999,566
Form type: 4
Filing time: 17 Feb 2022, 15:58:20 UTC
Previous filing: 27 Aug 2021
Next filing: 01 Mar 2022
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	+4,248		$0.000000	4,248	15 Feb 2022	Direct	F1, F2
transaction	ISRG	Common Stock	Tax liability	$461,449	-1,595	-38%	$289.31	2,653	15 Feb 2022	Direct	F1, F2
transaction	ISRG	Common Stock	Options Exercise	$0	+3,750	+141%	$0.000000	6,403	15 Feb 2022	Direct	F1, F2
transaction	ISRG	Common Stock	Tax liability	$538,117	-1,860	-29%	$289.31	4,543	15 Feb 2022	Direct	F1, F2
holding	ISRG	Common Stock						1,110,954	15 Feb 2022	by Trust	F2
holding	ISRG	Common Stock						34,800	15 Feb 2022	by Trust FBO Daughter	F2
holding	ISRG	Common Stock						34,800	15 Feb 2022	by Trust FBO Son	F2

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	-4,248	-100%	$0.000000^*	0	15 Feb 2022	Common Stock	4,248	$0.000000	Direct	F3
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-3,750	-50%	$0.000000	3,750	15 Feb 2022	Common Stock	3,750	$0.000000	Direct	F3

* 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	On October 5, 2021, the common stock and equity grants of Intuitive Surgical split 3-for-1, resulting in the reporting person's ownership of the company's stock and equity grants to increase (for every one share owned or granted, 2 additional shares were issued) and the exercise price of stock option grants to decrease to 1/3rd of the original grant price.
F3	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.