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Intuitive Surgical (NASDAQ: ISRG) director exercises 750 shares, gets 643 RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INTUITIVE SURGICAL INC director Craig H. Barratt reported equity compensation activity involving common stock and restricted stock units. On April 30, 2026, a trust associated with him acquired 750 shares of common stock through the exercise of restricted stock units, bringing its indirect holdings to 27,948 shares.

The same day, Barratt received a new grant of 643 restricted stock units, each representing one share of common stock. According to the disclosure, 100% of these RSUs vest on the earlier of the one-year anniversary of the grant date or the next Annual Meeting of Stockholders, subject to his continued service.

Positive

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Insider BARRATT CRAIG H
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 750 $0.00 --
Grant/Award Restricted Stock Units - 4-30-2026 643 $0.00 --
Exercise Common Stock 750 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Restricted Stock Units - 4-30-2026 — 643 shares (Direct, null); Common Stock — 27,948 shares (Indirect, by Trust)
Footnotes (1)
  1. [object Object]
RSU exercise into common stock 750 shares Exercised April 30, 2026 into common stock via trust
Indirect common stock holdings 27,948 shares Indirectly held by trust after 750-share exercise
New RSU grant 643 RSUs Granted April 30, 2026, each for one common share
Vesting schedule for 643 RSUs 100% cliff vest Earlier of one year from grant or next Annual Meeting, service-based
Exercised RSU award remaining balance 0 RSUs Previously 750 RSUs fully exercised into common stock
Total acquisition transactions 3 transactions All coded as acquisitions; includes RSU grant and exercises
Restricted Stock Units financial
"The same day, Barratt received a new grant of 643 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "by Trust""
Annual Meeting of Stockholders financial
"vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
BARRATT CRAIG H

(Last)(First)(Middle)
1020 KIFER ROAD

(Street)
SUNNYVALE CALIFORNIA 94086

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
INTUITIVE SURGICAL INC [ ISRG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/30/2026M750A$0.027,948Iby Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0.004/30/2026M750 (1) (1)Common Stock750$0.00D
Restricted Stock Units - 4-30-2026$0.004/30/2026A643 (1) (1)Common Stock643$0.0643D
Explanation of Responses:
1. 100% of the RSUs shall vest on the earlier of the one year anniversary of the date of grant or the next Annual Meeting of Stockholders, subject to the Reporting Person's continued service.
By: Stephanie Lim-Ignacio For: Barratt, Craig H.04/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did ISRG director Craig H. Barratt report?

Craig H. Barratt reported equity compensation activity, including exercising 750 restricted stock units into common shares via a trust and receiving a grant of 643 new restricted stock units, each tied to one share of Intuitive Surgical common stock, on April 30, 2026.

How many Intuitive Surgical shares does the trust associated with Craig H. Barratt hold after these transactions?

After the April 30, 2026 exercise, a trust associated with Craig H. Barratt holds 27,948 shares of Intuitive Surgical common stock indirectly. This figure comes from the post-transaction holdings reported for the 750-share RSU exercise transaction classified as indirect ownership by trust.

What are the terms of the 643 RSUs granted to Craig H. Barratt by Intuitive Surgical (ISRG)?

Craig H. Barratt received 643 restricted stock units that each convert into one share of common stock. All 643 RSUs vest on the earlier of the one-year anniversary of the grant date or the next Annual Meeting of Stockholders, subject to his continued service to Intuitive Surgical.

Were any Intuitive Surgical (ISRG) shares sold in Craig H. Barratt’s latest Form 4 filing?

The filing shows only acquisitions and exercises, with no reported sales. Activity included a 750-share RSU exercise into common stock via a trust and a grant of 643 RSUs, all coded as acquisitions rather than dispositions or open-market sales.

How does this Form 4 affect Craig H. Barratt’s derivative positions in Intuitive Surgical?

The 750 restricted stock units that were exercised into common stock now show zero remaining units, indicating that specific RSU award has been fully converted. After these transactions, no remaining derivative positions are listed in the derivative summary section of the filing.