Director Craig H. Barratt filed a Form 4 with the SEC on October 26, 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 October 23, 2026.

Key Highlights

  • Option exercise: Barratt acquired 1,150 shares of common stock on October 23, 2026, via an "M" (exercise) transaction at a price of $90.4944 per share.
  • Same-day sale: All 1,150 acquired shares were disposed of on October 23, 2026, at a price of $443.80 per share, coded as an "S" transaction.
  • 10b5-1 plan: According to the filing, the transactions were made under a Trading Plan that complies with SEC Rule 10b5-1 and expires on March 15, 2027.
  • Remaining direct holdings: Following the transactions, Barratt held 0 shares directly; 27,948 shares are held indirectly by trust.
  • Remaining options: Barratt retains 3,485 non-qualified stock options with an exercise price of $90.4944 and an expiration date of April 20, 2027.
  • Option plan: The filing states the options were granted under the Non-Employee Directors' Stock Option Plan, vesting 100% one year after the date of grant or at the next Shareholders Meeting, whichever occurs first.

Barratt's October 2026 Option Exercise and Stock Sale at Intuitive Surgical

According to the Form 4 filed on October 26, 2026, Craig H. Barratt, identified as a director of Intuitive Surgical Inc, exercised 1,150 non-qualified stock options on October 23, 2026. The exercise price of the options was $90.4944 per share. The options were granted under the company's Non-Employee Directors' Stock Option Plan and, as described in the filing, vest 100% one year after the date of grant or at the next Shareholders Meeting, whichever occurs first, provided that vesting ceases upon termination of the director's service to the company.

On the same date, Barratt disposed of all 1,150 shares acquired through the exercise, at a reported price of $443.80 per share. The filing indicates both transactions were carried out pursuant to a Rule 10b5-1-compliant trading plan set to expire on March 15, 2027. After these transactions, the filing reports that Barratt holds no common stock directly, while 27,948 shares remain held indirectly by trust.

Separately, the filing discloses that Barratt retains 3,485 non-qualified stock options held directly, with a conversion price of $90.4944 and an expiration date of April 20, 2027. The Form 4 was signed by Stephanie Lim-Ignacio on behalf of Craig H. Barratt and filed on October 26, 2026.

What Was Disclosed

Director Craig H. Barratt reported the exercise of 1,150 stock options at $90.4944 and the same-day sale of 1,150 shares at $443.80, both on October 23, 2026, under a Rule 10b5-1 trading plan. Indirect holdings of 27,948 shares via trust and 3,485 remaining options were also disclosed.