Guthart Gary S - Feb 28, 2023 Form 4 Insider Report for INTUITIVE SURGICAL INC (ISRG)

Role
President & CEO, Director
Signature
By: Donna Spinola For: Guthart, Gary S
Stock symbol
ISRG
Transactions as of
Feb 28, 2023
Transactions value $
-$724,643
Form type
4
Date filed
3/1/2023, 04:34 PM
Previous filing
Feb 27, 2023
Next filing
May 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ISRG Common Stock Options Exercise $0 +3.86K +14.14% $0.00 31.2K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Tax liability -$440K -1.92K -6.14% $229.39 29.3K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Options Exercise $0 +2.51K +8.57% $0.00 31.8K Feb 28, 2023 Direct F1
transaction ISRG Common Stock Tax liability -$285K -1.24K -3.91% $229.39 30.5K Feb 28, 2023 Direct F1
holding ISRG Common Stock 1.17M Feb 28, 2023 by Trust
holding ISRG Common Stock 34.8K Feb 28, 2023 by Trust FBO Daughte
holding ISRG Common Stock 34.8K Feb 28, 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 Non-Qualified Stock Option (right to buy) Award $0 +15.8K $0.00 15.8K Feb 28, 2023 Common Stock 15.8K $229.39 Direct F2
transaction ISRG Restricted Stock Units Options Exercise $0 -3.86K -50% $0.00 3.86K Feb 28, 2023 Common Stock 3.86K $0.00 Direct F3
transaction ISRG Restricted Stock Units Options Exercise $0 -2.51K -25.01% $0.00 7.52K Feb 28, 2023 Common Stock 2.51K $0.00 Direct F3
transaction ISRG Restricted Stock Units Award $0 +10.5K $0.00 10.5K Feb 28, 2023 Common Stock 10.5K $0.00 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.