Samath Jamie 4

What Happened
Jamie Samath, EVP & CFO of Intuitive Surgical (ISRG), reported the vesting/conversion of equity awards (RSUs/PSUs) on 2026-02-26 and the sale/withholding of shares to cover taxes. The filing shows conversions/exercises of 1,908 and 1,488 derivative shares and grants/awards of 3,591 and 6,720 derivative shares. To cover tax withholding, 900 shares were disposed at $506.17 for $455,553 and 738 shares were disposed at $506.17 for $373,553 — a combined tax-related disposition of 1,638 shares for approximately $829,106. These transactions are generally routine: awards vested/converted into common stock, and a portion was held back/sold to satisfy withholding obligations.

Key Details

• Transaction date: 2026-02-26; Form filed 2026-02-27 (next day).
• Dispositions for tax withholding: 900 shares @ $506.17 = $455,553 and 738 shares @ $506.17 = $373,553 (total ≈ $829,106).
• Reported conversions/exercises: 1,908 and 1,488 derivative shares (exercise/conversion code M).
• Reported awards/grants (derivative): 3,591 and 6,720 shares (code A).
• Shares owned after the transactions: not specified in the provided summary.
• Footnotes: RSUs convert one-for-one to common stock and vest 25% annually (F1, F3). PSUs granted 2/28/2023 reached performance targets and vested on/around 2/28/2026 (F2). A portion of shares was held back/sold to cover statutory tax withholding.

Context

• These entries reflect vested awards and routine tax-withholding dispositions, not an open-market decision to sell for investment reasons. When awards vest, companies commonly withhold or sell a portion of shares to satisfy taxes (transaction code F).
• The filing includes conversions/exercises of derivative awards (M) and award grants/vesting (A); the disposals here are tied to withholding, not a separate market-sale signal.
• No indication in the filing that these transactions were late; they were reported the next day.