Widman Fredrik 4

What Happened

• Fredrik Widman, VP & Corporate Controller at Intuitive Surgical (ISRG), had RSUs convert to common stock (exercise/conversion) on 2026-02-26 and portions of the shares were withheld to cover tax withholding. Specifically, conversions of 611 and 378 RSUs were reported (total 989), and 303 + 188 = 491 shares were surrendered to satisfy withholding, producing cash withheld totals of $153,370 and $95,160 (at $506.17 per share), for a combined tax withholding of $248,530. A separate grant/award of 1,627 RSUs was also reported the same date. The RSU exercise/conversion entries show $0 exercise price (typical for RSUs).

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely).
• Conversions/exercises: 611 and 378 RSUs converted to common stock (exercise price $0).
• Withholding (tax payment): 303 shares ($153,370) and 188 shares ($95,160) at $506.17/share — total 491 shares withheld for $248,530.
• Grant: 1,627 RSUs reported as awarded (each RSU converts to one share upon vesting).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1/F2 confirm these are RSUs that vest 25% per year over four years; 25% released and a portion held back for statutory tax withholding; net shares deposited to the holder’s account.

Context

• These entries reflect RSU vesting/conversion and routine statutory tax withholding (shares held back rather than an open-market sale). This is not an open-market purchase or sale that signals added market exposure by the insider; it’s standard compensation tax withholding tied to vesting. The zero exercise price and footnotes identify the awards as restricted stock units (RSUs), which convert one-for-one into common shares.