Samath Jamie 4

What Happened
Samath Jamie, EVP & Chief Financial Officer of Intuitive Surgical (ISRG), was reported on a Form 4 as receiving two derivative awards (code A) totaling 10,362 performance stock units (PSUs): 3,180 PSUs and 7,182 PSUs. Each grant is reported at $0.00 on the Form 4 (these are equity awards, not open-market purchases or sales). The Compensation Committee has determined the performance criteria for these PSUs have been met; vesting remains subject to continued service through each vesting date.

Key Details

• Transaction date: 2026-01-28; Form filed: 2026-01-30 (filed within the typical 2-business-day window).
• Reported amounts: 3,180 PSUs (footnote F1) and 7,182 PSUs (footnote F2) — total 10,362 PSUs. Reported transaction price: $0.00 (award).
• Vesting: 7,182 PSUs vest on Feb 28, 2026 (3rd anniversary of the Feb 28, 2023 grant); 3,180 PSUs vest on Feb 26, 2027 (3rd anniversary of the Feb 26, 2024 grant). Vesting is subject to continued service.
• Footnotes: F1 and F2 state these are PSUs originally granted in 2023 and 2024, respectively; performance targets have been achieved per the Compensation Committee.
• Shares owned after transaction: not disclosed in the summary data of the filing.

Context
These are performance-based equity awards (PSUs), which are derivatives that convert into shares only if performance conditions are met and the executive remains employed through the vesting dates. Such awards are standard compensation and do not represent an open-market purchase (a direct bullish signal) or a sale. The Form 4 reports the grants at $0.00 because they are awards — the actual market value will be realized if and when the PSUs vest and convert to common shares.