Samath Jamie 4

What Happened
Samath (EVP & CFO & Enterprise Technol) had RSUs/PSUs convert into 11,525 shares of Intuitive Surgical common stock on February 28, 2026 (10,773 PSUs and 752 RSUs). To cover statutory tax withholding, 5,716 shares were surrendered/withheld at $503.51 per share, resulting in tax payments of $2,878,063 (reported as two withholding disposals: 373 shares = $187,809 and 5,343 shares = $2,690,254). The remaining net shares were deposited into the reporting person’s account.

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 2, 2026 (no late filing indicated).
• Conversion/exercise price: $0.00 (RSUs/PSUs converted into common stock).
• Tax-withholding disposals: 5,716 shares withheld at $503.51 each = $2,878,063 total.
• Vested shares converted: 11,525 total (10,773 PSUs; 752 RSUs).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F2 confirms PSUs granted Feb 28, 2023 met performance goals and vested on Feb 28, 2026; F1/F4 describe RSU vesting schedule; F3 notes the share withholding covered PSU settlement taxes.

Context

• This was not a market purchase or an opportunistic sale — it reflects scheduled vesting/settlement of equity awards. The withheld shares represent a cashless method (share withholding) to satisfy tax obligations, a common administrative step when awards vest.
• PSUs vested because performance metrics were achieved (per the filing); that determination was made by the company’s Compensation Committee.
• Such filings are routine for executives receiving vested awards and do not by themselves indicate a buy/sell signal about the insider’s view of the company.