Sean Patrick Buckley - Jun 1, 2021 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Role
Chief Revenue Officer, CTV
Signature
/s/ Aaron Saltz, attorney-in-fact
Stock symbol
MGNI
Transactions as of
Jun 1, 2021
Transactions value $
$0
Form type
4
Date filed
6/3/2021, 05:31 PM
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Award $0 +58.8K $0.00 58.8K Jun 1, 2021 Direct F1, F2
transaction MGNI Common Stock Award $0 +50.4K +85.71% $0.00 109K Jun 1, 2021 Direct F2, 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) Award $0 +43.8K $0.00 43.8K Jun 1, 2021 Common Stock 43.8K $30.93 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that vest as follows: 14,711 on May 15, 2022, 3,678 on each August 15, November 15, February 15 and May 15 thereafter until February 15, 2025 and 3,674 on May 15, 2025, subject to the Reporting Person's 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.
F2 Equity grant under the Issuer's 2014 Equity Incentive Plan.
F3 Represents restricted stock units that vest as follows: one-half on June 1, 2022 and one-half on June 1, 2023, subject to the Reporting Person's 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.
F4 25% of the total number of shares underlying the option will vest on May 15, 2022 and the remaining shares vest 1/36 per month over the next 36 months thereafter, subject to the Reporting Person's 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.