Robert DeSantis - 26 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
26 Feb 2022
Net transactions value
-$508,970
Form type
4
Filing time
01 Mar 2022, 13:48:58 UTC
Previous filing
16 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 +1,590 +37% $0.000000 5,925 26 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $216,317 -737 -12% $293.51 5,188 26 Feb 2022 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2,175 +42% $0.000000 7,363 28 Feb 2022 Direct F1
transaction ISRG Common Stock Tax liability $292,653 -1,008 -14% $290.33 6,355 28 Feb 2022 Direct

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 -2,175 -33% $0.000000 4,347 28 Feb 2022 Common Stock 2,175 $0.000000 Direct F1, F2
transaction ISRG Restricted Stock Units Options Exercise $0 -1,590 -25% $0.000000 4,764 26 Feb 2022 Common Stock 1,590 $0.000000 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.