INTUITIVE SURGICAL INC — Director's Dealing 2023

Mar 1, 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: MOHR MARSHALL (Executive VP Global Business S)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	M	2256	$0.0	Acquired	24750	Direct
2023-02-28	Common Stock	F	1119	$229.39	Disposed	23631	Direct
2023-02-28	Common Stock	M	1003	$0.0	Acquired	24634	Direct
2023-02-28	Common Stock	F	498	$229.39	Disposed	24136	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	2873	Acquired	2030-02-27	Common Stock (2873)	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	5746	Acquired		Common Stock (5746)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100353	Indirect

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: 25% of the shares subject to the option vest on the six-month anniversary measured from February 10, 2023, and 1/24th of the total number of shares vest in eighteen (18) 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. 50% 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.