GUTHART GARY S - 26 Feb 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
President & CEO, Director
Signature
By: Donna Spinola For: Guthart, Gary S
Issuer symbol
ISRG
Transactions as of
26 Feb 2023
Transactions value $
-$334,791
Form type
4
Filing time
27 Feb 2023, 17:19:10 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 +3.03K +11.77% $0.00 28.8K 26 Feb 2023 Direct F1
transaction ISRG Common Stock Tax liability -$335K -1.45K -5.04% $231.05 27.3K 26 Feb 2023 Direct F1
holding ISRG Common Stock 1.17M 26 Feb 2023 by Trust
holding ISRG Common Stock 34.8K 26 Feb 2023 by Trust FBO Daughte
holding ISRG Common Stock 34.8K 26 Feb 2023 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 -3.03K -33.33% $0.00 6.06K 26 Feb 2023 Common Stock 3.03K $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.