Charlton Henry L - 26 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
Senior Vice President & Chief
Signature
By: Donna Spinola For: Charlton, Henry L
Issuer symbol
ISRG
Transactions as of
26 Feb 2023
Transactions value $
-$89,416
Form type
4
Filing time
27 Feb 2023, 16:58:32 UTC
Previous filing
16 Feb 2023
Next filing
01 Mar 2023
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 +1.28K +7.07% $0.00 19.4K 26 Feb 2023 Direct F1
transaction ISRG Common Stock Tax liability -$89.4K -387 -1.99% $231.05 19.1K 26 Feb 2023 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 -1.28K -33.36% $0.00 2.57K 26 Feb 2023 Common Stock 1.28K $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.