[144] MASIMO CORP SEC Filing
Masimo Corporation (MASI) insider sale notice: This Form 144 shows that 25,061 shares of Masimo common stock are proposed to be sold via Charles Schwab & Co., Inc. on 09/29/2025 with an aggregate market value of $3,553,637. The shares were acquired and paid on 09/29/2025 through an employee stock option exercise using a broker cashless exercise. The filing reports total shares outstanding of 54,324,812. The seller, identified in prior sales as Bilal Muhsin, sold 25,000 shares on 09/23/2025 for $3,518,983 and 50,000 shares on 09/26/2025 for $7,093,910. By combining the prior sales and the proposed sale, the filing documents insider dispositions totaling 100,061 shares during late September 2025. The filer certifies no undisclosed material adverse information and includes the standard Rule 144 representations.
- Transaction mechanics disclosed: The filing clearly states acquisition via an employee stock option exercise and payment method (broker cashless exercise), improving transparency.
- Full disclosure of recent sales: Prior sales on 09/23/2025 and 09/26/2025 are reported with gross proceeds, providing clear historical context.
- Large insider selling: Insider dispositions total 100,061 shares in late September 2025, which may increase share supply and affect market perception.
- Concentrated timing: Multiple sizable sales occurred within a one-week window (09/23–09/29/2025), which could raise investor concern about insider confidence.
Insights
TL;DR: Insider disposed of a meaningful block of MASI shares across late September, which could increase short-term supply pressure.
The filing documents a planned sale of 25,061 shares on 09/29/2025 and two recent sales totaling 75,000 shares earlier that week, bringing insider dispositions to 100,061 shares. The shares were acquired via an employee option exercise and the sale will be executed through Charles Schwab, indicating routine execution mechanics rather than private placement. From a trading-impact perspective, cumulative insider sales of this size relative to 54.3 million shares outstanding represent a non-trivial increase in available float over a short period. This is a factual disclosure of insider selling; it does not by itself indicate company performance but is relevant to supply/demand dynamics and investor sentiment.
TL;DR: Multiple insider sales reported under Rule 144 suggest personal liquidity actions; disclosure appears complete under Rule 144 mechanics.
The notice shows securities acquired and paid on 09/29/2025 via employee stock option exercise with a cashless broker payment, then proposed for sale the same day. Prior sales by the same individual on 09/23/2025 and 09/26/2025 are disclosed with gross proceeds. The filing includes the required representation that the seller is unaware of undisclosed material adverse information and the standard Rule 144 attestations. From a governance standpoint, the document meets procedural requirements; the clustered timing of sales may prompt investor questions about insider motives, but no governance violations or undisclosed facts are evident in the filing itself.