Robert DeSantis - 28 Feb 2023 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: 28 Feb 2023
Net transactions value: -$391,110
Form type: 4
Filing time: 01 Mar 2023, 16:57:42 UTC
Previous filing: 27 Feb 2023
Next filing: 24 Apr 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	+2,175	+29%	$0.000000	9,629	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$231,225	-1,008	-10%	$229.39	8,621	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Options Exercise	$0	+1,504	+17%	$0.000000	10,125	28 Feb 2023	Direct	F1
transaction	ISRG	Common Stock	Tax liability	$159,885	-697	-6.9%	$229.39	9,428	28 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	Non-Qualified Stock Option (right to buy)	Award	$0	+5,746		$0.000000	5,746	28 Feb 2023	Common Stock	5,746	$229.39	Direct	F2
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-2,175	-50%	$0.000000	2,172	28 Feb 2023	Common Stock	2,175	$0.000000	Direct	F3
transaction	ISRG	Restricted Stock Units	Options Exercise	$0	-1,504	-25%	$0.000000	4,511	28 Feb 2023	Common Stock	1,504	$0.000000	Direct	F3
transaction	ISRG	Restricted Stock Units	Award	$0	+3,831		$0.000000	3,831	28 Feb 2023	Common Stock	3,831	$0.000000	Direct	F4

* 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	12.5% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/48th of the total number of shares vest in forty-two (42) successive and equal monthly installments thereafter, subject to Reporting Person's continuous service to the Issuer through each such vesting date.
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.
F4	Constitute restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock upon vesting. 25% of the RSUs shall vest on each anniversary of February 10, 2023, subject to Reporting Person's continuous service to the Issuer through each such vesting date.