DeSantis Robert - 15 Feb 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Product Officer
Signature
By: Donna Spinola For: Robert DeSantis
Issuer symbol
ISRG
Transactions as of
15 Feb 2022
Transactions value $
-$529,727
Form type
4
Filing time
16 Feb 2022, 20:30:59 UTC
Previous filing
26 Jan 2022
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 +2.87K +246.06% $0.00 4.04K 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability -$261K -903 -22.34% $289.31 3.14K 15 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2.12K +67.66% $0.00 5.26K 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability -$268K -928 -17.63% $289.31 4.34K 15 Feb 2022 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 -2.87K -100% $0.00* 0 15 Feb 2022 Common Stock 2.87K $0.00 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -2.12K -50% $0.00 2.12K 15 Feb 2022 Common Stock 2.12K $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.