INTUITIVE SURGICAL INC — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INTUITIVE SURGICAL INC (ISRG)
CIK: 0001035267
Period of Report: 2023-02-28

Reporting Person: Curet Myriam (EVP & Chief Medical Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	M	2256	$0.0	Acquired	3701	Direct
2023-02-28	Common Stock	F	1003	$229.39	Disposed	2698	Direct
2023-02-28	Common Stock	M	1003	$0.0	Acquired	3701	Direct
2023-02-28	Common Stock	F	498	$229.39	Disposed	3203	Direct
2023-03-01	Common Stock	S	1253	$228.47	Disposed	1950	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-28	Non-Qualified Stock Option (right to buy)	$229.39	A	5028	Acquired	2030-02-27	Common Stock (5028)	Direct
2023-02-28	Restricted Stock Units	$0.0	M	2256	Disposed	2024-02-28	Common Stock (2256)	Direct
2023-02-28	Restricted Stock Units	$0.0	M	1003	Disposed	2026-02-28	Common Stock (1003)	Direct
2023-02-28	Restricted Stock Units	$0.0	A	3352	Acquired		Common Stock (3352)	Direct

Footnotes

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: The transaction took place in accordance with a Trading Plan that complies with SEC Rule 10b5-1 and expires on August 10, 2023.

F3: 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.

F4: 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.

F5: 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.