Craig B. Reynolds - 26 Apr 2024 Form 4 Insider Report for MASIMO CORP (MASI)

Role
Director
Signature
/s/ Micah W. Young, Attorney-In-Fact
Issuer symbol
MASI
Transactions as of
26 Apr 2024
Net transactions value
-$4,525,016
Form type
4
Filing time
30 Apr 2024, 20:11:11 UTC
Previous filing
28 Jun 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MASI Common Stock Options Exercise $921,600 +40,000 +540% $23.04 47,406 26 Apr 2024 Direct
transaction MASI Common Stock Sale $5,446,616 -40,000 -84% $136.17 7,406 26 Apr 2024 Direct F1, F2

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) Options Exercise $0 -40,000 -80% $0.000000 10,000 26 Apr 2024 Common Stock 40,000 $23.04 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The shares covered by this Form 4 were exercised and sold pursuant to a Rule 10b5-1 Sales Plan dated as of May 17, 2023, which is intended to comply with Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended.
F2 The price reported in Column 4 represents the weighted average sale price per share. The actual sale prices ranged from a low of $135.46 per share to a high of $137.81 per share. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 This option was granted on May 5, 2014 and is exercisable as the option vests. This option vested over a five year period, with 20% of the shares subject to the option vesting on each anniversary of the grant date.