DeSantis Robert - 11 May 2022 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
EVP & Chief Product Officer
Signature
By: Donna Spinola For: DeSantis, Robert
Issuer symbol
ISRG
Transactions as of
11 May 2022
Transactions value $
-$35,637
Form type
4
Filing time
13 May 2022, 17:15:55 UTC
Previous filing
27 Apr 2022
Next filing
30 Aug 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 +363 +5.52% $0.00 6.94K 11 May 2022 Direct F1, F2
transaction ISRG Common Stock Tax liability -$35.6K -169 -2.44% $210.87 6.77K 11 May 2022 Direct F1, 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 -363 -33.43% $0.00 723 11 May 2022 Common Stock 363 $0.00 Direct F1, 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 Amount of securities beneficially owned includes 219 net shares from previous vesting.
F3 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.