Robert DeSantis - 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
Net 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 +2,874 +246% $0.000000 4,042 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $261,247 -903 -22% $289.31 3,139 15 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2,124 +68% $0.000000 5,263 15 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $268,480 -928 -18% $289.31 4,335 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 -2,874 -100% $0.000000* 0 15 Feb 2022 Common Stock 2,874 $0.000000 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -2,124 -50% $0.000000 2,124 15 Feb 2022 Common Stock 2,124 $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 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.