BARRATT CRAIG H 4

What Happened

• Craig H. Barratt, a director of Intuitive Surgical (ISRG), reported derivative activity and a grant on 2026-04-30. The filing shows an exercise/conversion of 750 derivative units that resulted in 750 shares acquired and 750 derivative units disposed (both reported at $0.00). Separately, Barratt was granted 643 restricted stock units (RSUs) reported as acquired at $0.00.
• No cash price or dollar value is shown for the derivative transactions or the RSU grant in this filing. The mix of an acquisition and an equal disposal of 750 derivative units on the same date indicates those converted units were immediately disposed or otherwise settled the same day.

Key Details

• Transaction date: 2026-04-30 (filing date 2026-04-30 — timely filed).
• Transactions reported: M (exercise/conversion of derivative) — 750 shares acquired @ $0.00; M — 750 derivative units disposed @ $0.00; A (grant) — 643 RSUs @ $0.00.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnote: The 643 RSUs vest 100% 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 flags indicated in the provided data.

Context

• Derivative exercise/conversion (code M) means Barratt converted derivative instruments into shares; the same-day disposal of 750 units suggests those converted units were settled or transferred immediately rather than held. That can be a routine administrative or tax-related settlement — not an explicit buy/sell decision indicator by itself.
• The 643 RSUs are a grant (not yet vested) and do not represent immediately tradable shares until vesting conditions are met. Grants and conversions are common for directors as part of compensation.