Director Craig H. Barratt filed a Form 4 with the SEC on November 5, 2026, disclosing the exercise of 1,150 non-qualified stock options and the same-day sale of 1,150 shares of Intuitive Surgical Inc (NASDAQ:ISRG) common stock on November 4, 2026, under a Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Barratt acquired 1,150 shares of common stock via exercise of a non-qualified stock option at an exercise price of $90.4944 per share on November 4, 2026.
  • Same-day sale: All 1,150 acquired shares were disposed of on November 4, 2026, at a weighted average sale price of $460.0026 per share.
  • Sale price range: According to the filing, 541 shares were sold at $460.00 and 609 shares were sold at $460.005.
  • Post-transaction direct ownership: Following the transactions, Barratt held 0 shares of common stock directly, with 27,948 shares held indirectly by trust.
  • Remaining options: Barratt retains 2,335 non-qualified stock options directly, with an exercise price of $90.4944 and an expiration date of April 20, 2027.
  • 10b5-1 plan: The transactions were made pursuant to a trading plan that, according to the filing, "complies with SEC Rule 10b5-1 and expires on March 15, 2027."

Barratt's November 4 Option Exercise and Share Sale at Intuitive Surgical

According to the Form 4 filing, Craig H. Barratt, a director of Intuitive Surgical Inc, exercised 1,150 non-qualified stock options on November 4, 2026, at a conversion price of $90.4944 per share. The options were granted under the Non-Employee Directors' Stock Option Plan and, per the filing, vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever occurs first, with vesting ceasing upon termination of the director's service to the company.

On the same date, the filing discloses, Barratt disposed of all 1,150 shares at a weighted average price of $460.0026. The sales occurred across two price points: 541 shares at $460.00 and 609 shares at $460.005. The filing notes that Barratt undertakes to provide full information on shares sold at each price upon request by the SEC staff, the issuer, or a security holder.

After these transactions, the filing reports that Barratt held no shares of common stock directly. He continues to hold 27,948 shares indirectly through a trust, as well as 2,335 non-qualified stock options directly, expiring April 20, 2027. Both the exercise and sale were carried out under a Rule 10b5-1 trading plan set to expire March 15, 2027. The form was signed on November 5, 2026, by Stephanie Lim-Ignacio on behalf of Barratt.

What Was Disclosed

The filing reports a same-day option exercise and share sale by Intuitive Surgical director Craig H. Barratt on November 4, 2026, covering 1,150 shares under a Rule 10b5-1 plan, with 27,948 shares remaining held indirectly by trust and 2,335 options held directly.