Joe E. Kiani - 03 Mar 2023 Form 4 Insider Report for MASIMO CORP (MASI)

Role
CEO and Chairman of the Board, Director
Signature
/s/ Micah Young, Attorney-In-Fact
Issuer symbol
MASI
Transactions as of
03 Mar 2023
Net transactions value
-$4,817,976
Form type
4
Filing time
07 Mar 2023, 19:36:18 UTC
Previous filing
19 Dec 2022
Next filing
17 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MASI Common Stock Award $0 +50,161 +13% $0.000000 428,835 03 Mar 2023 Direct F1
transaction MASI Common Stock Tax liability $4,817,976 -26,410 -6.2% $182.43 402,425 03 Mar 2023 Direct F2
holding MASI Common Stock 46,818 03 Mar 2023 By Trust F3
holding MASI Common Stock 352,919 03 Mar 2023 By Trust F3
holding MASI Common Stock 359,000 03 Mar 2023 By Trust F3
holding MASI Common Stock 2,250,291 03 Mar 2023 By Trust F4
holding MASI Common Stock 10,366 03 Mar 2023 See Footnote F5
holding MASI Common Stock 9,000 03 Mar 2023 See Footnote F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MASI Non-Qualified Stock Option (Right to Buy) Award $0 +42,251 $0.000000 42,251 03 Mar 2023 Common Stock 42,251 $182.43 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 12, 2020, the Reporting Person was granted performance restricted stock units which vested on March 3, 2023 based on the Issuer's achievement of certain FY2022 pre-established performance objectives.
F2 These shares were withheld by the Issuer in order to satisfy certain tax withholding obligations in connection with the issuance of shares upon the vesting of certain performance restricted stock units.
F3 Shares held in three trusts for which Mr. Kiani is the sole trustee.
F4 Shares held in one trust for which Mr. Kiani is the sole trustee.
F5 Shares held in Masimo Retirement Savings Plan.
F6 Shares held by an immediate family member for which Mr. Kiani exercises voting and investment control.
F7 This option was granted on March 3, 2023 and is exercisable as the option vests. The option vests over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.