Aaron Saltz - 10 May 2021 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Role
General Counsel
Signature
/s/ Aaron Saltz
Issuer symbol
MGNI
Transactions as of
10 May 2021
Net transactions value
-$153,327
Form type
4
Filing time
12 May 2021, 21:52:17 UTC
Next filing
19 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Options Exercise $6,466 +1,791 +0.64% $3.61 279,832 10 May 2021 Direct F1
transaction MGNI Common Stock Sale $69,171 -2,227 -0.8% $31.06 277,605 10 May 2021 Direct F1, F2
transaction MGNI Common Stock Sale $90,622 -2,773 -1% $32.68 274,832 10 May 2021 Direct F1, F3

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 MGNI Stock Option (Right to Buy) Options Exercise $0 -1,791 -3.5% $0.000000 48,973 10 May 2021 Common Stock 1,791 $3.61 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This exercise and subsequent sales were made pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.52 to $31.46, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.29 to $33.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 25% of the total number of shares underlying this option vested on February 14, 2019 and the remaining shares vest 1/36 per month over the next 36 months thereafter, subject to continued service to the Issuer through each vesting date. This equity grant may be subject to accelerated vesting in the event the Reporting Person's employment is terminated under certain circumstances.
F5 Equity grant under the Company's 2014 Equity Incentive Plan.