Leonard Keith R 4

What Happened

• Keith R. Leonard, a Director of Intuitive Surgical (ISRG), reported derivative activity and an equity award on 2026-04-30. The filing shows an exercise/conversion (code M) of 531 derivative shares (531 acquired and 531 disposed) at $0.00 and a grant/award (code A) of 554 shares (RSUs) at $0.00. All transactions are reported with $0 monetary value in the filing.

Key Details

• Transaction date: 2026-04-30.
• Derivative exercise/conversion: 531 shares acquired and 531 shares disposed, price reported $0.00 (code M).
• Grant/award: 554 RSU shares acquired, price reported $0.00 (code A).
• Vesting note (F1): 100% of the 554 RSUs vest on the earlier of the one‑year anniversary of the grant or the next Annual Meeting of Stockholders, subject to continued service.
• Shares owned after the transactions are not disclosed in the provided filing.
• Filing date/accession: Form 4 filed 2026-04-30 (Accession 0001416180-26-000004). No late filing indication is shown.

Context

• Code M indicates exercise or conversion of a derivative (e.g., option exercise, conversion of a derivative award); the paired acquired and disposed entries at $0.00 suggest a conversion/settlement or internal netting (the filing does not specify whether shares were sold or withheld for taxes).
• The 554 RSUs are a compensation grant subject to a vesting schedule—awards like this are typical director compensation and not an open‑market purchase (so less directly a bullish signal than an outright buy).