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: GUTHART GARY S (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-28	Common Stock	M	3864	$0.0	Acquired	31184	Direct
2023-02-28	Common Stock	F	1916	$229.39	Disposed	29268	Direct
2023-02-28	Common Stock	M	2507	$0.0	Acquired	31775	Direct
2023-02-28	Common Stock	F	1243	$229.39	Disposed	30532	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	15801	Acquired	2030-02-27	Common Stock (15801)	Direct
2023-02-28	Restricted Stock Units	$0.0	M	3864	Disposed	2024-02-28	Common Stock (3864)	Direct
2023-02-28	Restricted Stock Units	$0.0	M	2507	Disposed	2026-02-28	Common Stock (2507)	Direct
2023-02-28	Restricted Stock Units	$0.0	A	10534	Acquired		Common Stock (10534)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1165561	Indirect
Common Stock	34800	Indirect
Common Stock	34800	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: 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.