Beery Joseph C 4

What Happened

• Joseph C. Beery, a director of Intuitive Surgical, on 2026-04-30 reported an exercise/conversion of 531 derivative shares (reporting code M) with a concurrent disposition of those 531 shares, and a separate grant of 554 restricted stock units (RSUs) (reporting code A).
• The filing reports $0.00 per share and $0 total value for all three line items (acquired 531 @ $0.00, disposed 531 @ $0.00, granted 554 @ $0.00). The exercise/conversion (M) shows both acquisition and disposition of the same 531 shares, so there was no net increase in shares held from that transaction alone.

Key Details

• Transaction date: 2026-04-30; Filing date: 2026-04-30 (timely).
• Reported items: M — Acquired 531 shares @ $0.00; M — Disposed 531 shares @ $0.00; A — Granted 554 RSUs @ $0.00.
• Shares owned after transaction: not specified in the filing (net effect of the exercise/disposition for these 531 shares is zero).
• Footnote: F1 — 100% of the RSUs vest on the earlier of the one-year anniversary of the grant or the next Annual Meeting of Stockholders, subject to continued service.
• No 10b5-1 plan, tax withholding, or late-filing flag was reported in this filing.

Context

• Code M indicates exercise or conversion of a derivative security; the filing shows the exercised shares were simultaneously disposed, which is often reported when exercises are net-settled or shares are transferred/sold immediately. This means the director did not retain additional free-floating shares from that exercise.
• The 554 RSUs are restricted and subject to vesting (per F1); RSUs are not freely tradable until they vest.
• Filings report transaction price/value as reported to the SEC ($0.00 here); that is a reporting detail and does not reflect market value of common shares.