GUTHART GARY S - 26 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
26 Feb 2022
Transactions value $
-$997,998
Form type
4
Filing time
01 Mar 2022, 13:18:40 UTC
Previous filing
17 Feb 2022
Next filing
02 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 +3.03K +66.7% $0.00 7.57K 26 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability -$441K -1.5K -19.85% $293.51 6.07K 26 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +3.87K +63.71% $0.00 9.94K 28 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability -$557K -1.92K -19.3% $290.33 8.02K 28 Feb 2022 Direct F1
holding ISRG Common Stock 1.11M 26 Feb 2022 by Trust
holding ISRG Common Stock 34.8K 26 Feb 2022 by Trust FBO Daughte
holding ISRG Common Stock 34.8K 26 Feb 2022 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 Restricted Stock Units Options Exercise $0 -3.87K -33.35% $0.00 7.73K 28 Feb 2022 Common Stock 3.87K $0.00 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -3.03K -25% $0.00 9.09K 26 Feb 2022 Common Stock 3.03K $0.00 Direct F1, 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.