Intuitive Surgical director exercises RSUs, gets new grant

INTUITIVE SURGICAL INC director Leonard Keith R reported equity compensation activity involving Restricted Stock Units (RSUs) and common stock.

Rhea-AI Filing Summary

INTUITIVE SURGICAL INC director Leonard Keith R reported equity compensation activity involving Restricted Stock Units (RSUs) and common stock. He exercised 531 RSUs into 531 shares of common stock on April 30, 2026, and did not report any same-day sales.

Following the exercise, he held 901 shares of common stock directly. On the same date, he also received a grant of 554 RSUs tied to common stock. According to the disclosure, 100% of these RSUs will 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.

Insights

Equity compensation analyst

Director exercised RSUs into shares and received a new RSU grant, with no sales.

The activity for INTUITIVE SURGICAL INC shows director Leonard Keith R converting 531 RSUs into common stock and receiving a 554-unit RSU grant on April 30, 2026. These are routine equity compensation events rather than open-market trades.

No shares were reported sold, so this reflects an exercise-and-hold pattern plus a new grant. The new RSUs vest 100% on the earlier of the one-year anniversary of grant or the next Annual Meeting of Stockholders, subject to continued service, aligning his incentives with longer-term company performance.

Insider Trade Summary

531 shares exercised/converted

Exercise 3 txns

Insider Leonard Keith R

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	531	$0.00	$0.00
Grant/Award	Restricted Stock Units - 4-30-2026	554	$0.00	$0.00
Exercise	Common Stock	531	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Restricted Stock Units - 4-30-2026 — 554 contracts (Direct); Common Stock — 901 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

RSUs exercised: 531 units Common stock held after exercise: 901 shares New RSU grant: 554 units +2 more

5 metrics

RSUs exercised 531 units Converted into 531 shares of common stock on April 30, 2026

Common stock held after exercise 901 shares Direct ownership following April 30, 2026 transactions

New RSU grant 554 units Restricted Stock Units granted on April 30, 2026

RSU vesting condition 100% cliff vesting Earlier of one year from grant or next Annual Meeting, subject to continued service

Exercise transactions 1 exercise, 531 shares Derivative exercise/conversion summarized in transaction data

Key Terms

Restricted Stock Units, Annual Meeting of Stockholders, vest

3 terms

Restricted Stock Units financial

"The activity for INTUITIVE SURGICAL INC shows director Leonard Keith R converting 531 RSUs into common stock and receiving a 554-unit RSU grant"

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.

Annual Meeting of Stockholders financial

"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"

vest financial

"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"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Intuitive Surgical (ISRG) director Leonard Keith R do in this Form 4?

Leonard Keith R exercised 531 Restricted Stock Units into 531 shares of Intuitive Surgical common stock and received a new grant of 554 RSUs on April 30, 2026. No same-day stock sales were reported in this disclosure.

How many Intuitive Surgical (ISRG) shares does Leonard Keith R hold after these transactions?

After the RSU exercise, Leonard Keith R directly holds 901 shares of Intuitive Surgical common stock. He also holds 554 unvested RSUs that represent a right to receive additional common shares if the vesting conditions are satisfied over time.

What RSU grant did Leonard Keith R receive from Intuitive Surgical (ISRG)?

He received a grant of 554 Restricted Stock Units linked to Intuitive Surgical common stock. Each RSU represents a right to receive one share of common stock when vested, providing equity-based compensation tied to the company’s future performance and his continued service.

When do Leonard Keith R’s new Intuitive Surgical (ISRG) RSUs vest?

The footnote states that 100% of the 554 RSUs will vest on the earlier of the one-year anniversary of the grant date or the next Annual Meeting of Stockholders. Vesting is conditioned on his continued service through that vesting date.

Were there any stock sales reported by Leonard Keith R in this Intuitive Surgical (ISRG) filing?

No stock sales were reported. The transactions involve an exercise of 531 RSUs into common stock and a new grant of 554 RSUs. The summary data shows acquire-type transactions only, with no sell transactions disclosed in this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 09:02 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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^*

Leonard Keith R

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/30/2026		M		531	A	$0.0	901	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0.0	04/30/2026		M			531	(1)	(1)	Common Stock	531	$0.0	0	D
Restricted Stock Units - 4-30-2026	$0.0	04/30/2026		A		554		(1)	(1)	Common Stock	554	$0.0	554	D

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: Leonard, Keith	04/30/2026
	** Signature of Reporting Person	Date
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)