Sampath Anand 4
4 · MASIMO CORP · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Masimo (MASI) EVP Sampath Anand Sells Shares in Merger
What Happened
Sampath Anand, EVP, Operations of Masimo Corporation, disposed of Masimo common stock and equity awards on June 10, 2026 as part of the Merger with Danaher. The filing shows 33,901 shares of Masimo common stock canceled for $180.00/share (cash = $6,102,180). In addition, a number of RSUs and option-based awards were converted/cancelled under the merger agreement; option-related conversions generated additional cash amounts (listed in the filing) totaling about $2,247,415, bringing the approximate total cash/consideration to $8,349,595. Several RSU items were converted/assumed by Danaher (no cash price listed).
Key Details
- Transaction date: June 10, 2026 (effective time of the Merger). Filing date: June 12, 2026 (timely).
- Major item: 33,901 shares of Masimo common stock canceled and converted into $180.00/share = $6,102,180 (Per Share Merger Consideration, F2).
- Additional disposals: various RSUs and option-derived awards; listed cash amounts from option cancellations/settlements total ≈ $2,247,415 (examples: 10,000-option lot netted $891,300 at an implied spread, another 10,000 lot $930,500, plus smaller amounts). Several RSU conversions show price "N/A" because they were converted into Danaher RSUs per the merger formula (F3).
- Notable footnotes: F1–F3 describe the Merger; F3 explains RSUs were assumed/converted into Danaher RSUs using the $180/$183.33 exchange ratio; F8 explains options were canceled and converted into cash equal to the excess of the $180 Merger consideration over each option’s exercise price.
- Shares owned after the reported transactions: not specified in the provided filing extract.
- Filing timeliness: filed within two days of the transaction date (not late).
Context
This was not an open-market sale but the contractual conversion/settlement that occurred at the effective time of Masimo’s merger into Danaher. Common shares were canceled for a fixed $180/share; unvested RSUs were either assumed/converted by Danaher or settled per the merger terms; outstanding options were settled for cash equal to the spread (if any). Such merger-driven dispositions reflect deal terms rather than an insider signaling buy/sell sentiment.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-06-10$180.00/sh−33,901$6,102,180→ 0 total - Disposition to Issuer
Restricted Stock Units
[F4][F3][F1]2026-06-10−1,820→ 0 total→ Common Stock (1,820 underlying) - Disposition to Issuer
Restricted Stock Units
[F5][F3][F1]2026-06-10−5,158→ 0 total→ Common Stock (5,158 underlying) - Disposition to Issuer
Restricted Stock Units
[F6][F3][F1]2026-06-10−4,828→ 0 total→ Common Stock (4,828 underlying) - Disposition to Issuer
Restricted Stock Units
[F7][F3][F1]2026-06-10−6,840→ 0 total→ Common Stock (6,840 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
[F8][F1]2026-06-10$89.13/sh−10,000$891,300→ 0 totalExercise: $90.87→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
[F8][F1]2026-06-10$93.05/sh−10,000$930,500→ 0 totalExercise: $86.95→ Common Stock (10,000 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
[F8][F1]2026-06-10$46.50/sh−7,235$336,428→ 0 totalExercise: $133.50→ Common Stock (7,235 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
[F8][F1]2026-06-10$0.58/sh−4,422$2,565→ 0 totalExercise: $179.42→ Common Stock (4,422 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
[F8][F1]2026-06-10$22.47/sh−3,855$86,622→ 0 totalExercise: $157.53→ Common Stock (3,855 underlying)
Footnotes (8)
- [F1]On June 10, 2026, pursuant to the Agreement and Plan of Merger, dated February 16, 2026, by and among Masimo Corporation (the "Issuer"), Danaher Corporation ("Parent"), and Mobius Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger").
- [F2]On June 10, 2026, at the effective time of the Merger, each share of the Issuer's common stock, par value $0.001 per share (the "Common Stock") issued and outstanding prior to the effective time of the Merger (other than certain excluded shares and dissenting shares) was canceled, extinguished and converted into the right to receive an amount in cash equal to $180.00 per share, without interest (the "Per Share Merger Consideration").
- [F3]On June 10 2026, at the effective time of the Merger, each of the Issuer's restricted stock units ("RSUs") (other than certain RSUs held by the Issuer's non-employee directors) was assumed by Parent and converted into a number of RSUs of Parent equal to the product of the number of shares of Parent common stock equal to the number of shares of Common Stock underlying such RSU multiplied by the quotient of (a) the Per Share Merger Consideration, divided by (b) the volume-weighted average trading price per share of Parent's common stock for the ten trading day period ending on and including June 10, 2026 ($183.33).
- [F4]Represents the unvested portion of RSUs granted on March 8, 2023, which award of RSUs was to vest ratably over five years.
- [F5]Represents the unvested portion of RSUs granted on November 16, 2023, which award of RSUs was to vest ratably over five years.
- [F6]Represents the unvested portion of RSUs granted on March 13, 2025, which award of RSUs was to vest ratably over five years.
- [F7]Represents the unvested portion of RSUs granted on March 6, 2026, which award of RSUs was to vest ratably over four years.
- [F8]On June 10, 2026, at the effective time of the Merger, each of the Issuer's stock options outstanding as of immediately prior to the effective time of the Merger, whether vested or unvested, were canceled and converted into the right to receive, for each share of Common Stock subject to such option, the excess, if any, of the Per Share Merger Consideration over the exercise price per share of such option, without interest and less any applicable tax withholding.