Craig B. Reynolds - May 1, 2024 Form 4 Insider Report for MASIMO CORP (MASI)

Role
Director
Signature
/s/ Micah W. Young, Attorney-In-Fact
Stock symbol
MASI
Transactions as of
May 1, 2024
Transactions value $
$230,400
Form type
4
Date filed
5/3/2024, 05:47 PM
Previous filing
Apr 30, 2024
Next filing
Jun 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MASI Common Stock Options Exercise $230K +10K +135.03% $23.04 17.4K May 1, 2024 Direct F1

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 -10K -100% $0.00* 0 May 1, 2024 Common Stock 10K $23.04 Direct F2
* 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 held 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 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.