Young Micah W 4

What Happened

• Micah W. Young, Chief Financial Officer of Masimo Corporation, disposed of Masimo common stock and a variety of equity awards in connection with the June 10, 2026 merger with Danaher. The filing shows cash payments and conversions tied to the merger: 25,656 shares of Masimo common stock were canceled for $180.00/share ($4,618,080), and several equity awards and vested/ unvested derivative awards were converted/cashed out for additional amounts. Total disclosed cash proceeds in the filing sum to approximately $13.0 million; two derivative items (2,622 and 17,671 units) are reported with N/A amounts because they were converted into Parent (Danaher) RSUs per the merger terms.

Key Details

• Transaction date: June 10, 2026 (effective time of the merger). Transaction code: D (Disposition to issuer — merger cash-out).
• Prices and notable line items: common stock and certain awards converted at $180.00/share; several converted awards produced additional cash amounts (examples: 20,000 units → $1,900,600; 4,175 → $388,484; 11,954 → $639,659). Aggregate disclosed cash ≈ $12,996,028 (~$13.0M).
• Shares/certificates after transaction: Masimo common shares outstanding held pre-merger were canceled at the effective time; remaining position in Masimo common stock is effectively zero. Some awards were converted to Danaher RSUs (see footnote) rather than cashed — those converted amounts are reported as N/A in the filing.
• Footnotes of note:
  • F1–F3: Merger effective June 10, 2026; Masimo became a Danaher subsidiary; common stock canceled for $180.00/share; most RSUs converted into Danaher RSUs using a conversion ratio based on $180 / Danaher 10-day VWAP ($183.33).
  • F6–F7: Stock options and PSUs were canceled/converted into cash equal to the excess of the $180 merger consideration (or $180 per share for PSUs) less exercise price/tax withholding.
  • F4, F5, F8, F9: Identifies specific RSU/PSU grants and vesting schedules underlying the converted awards.
• Filing timeliness: Form 4 was filed June 12, 2026 reporting June 10 transactions — appears filed within the Form 4 reporting window (timely).

Context

• This was not an open-market sale but a transaction mandated by the merger: shares and awards were canceled or converted and paid out per the merger agreement. Disposition code D here reflects the issuer (or merger subsidiary) as the counterparty. For retail investors, note this is a corporate-event cash-out rather than an insider expressing personal market sentiment; purchases usually convey stronger bullish signals than merger cash-outs.