Aaron Saltz - Aug 9, 2021 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Role
General Counsel
Signature
/s/ Aaron Saltz
Stock symbol
MGNI
Transactions as of
Aug 9, 2021
Transactions value $
-$162,584
Form type
4
Date filed
8/11/2021, 04:48 PM
Previous filing
Jul 13, 2021
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Options Exercise $6.47K +1.79K +0.68% $3.61 265K Aug 9, 2021 Direct F1
transaction MGNI Common Stock Sale -$169K -5K -1.89% $33.81 260K Aug 9, 2021 Direct F1

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 -1.79K -3.95% $0.00 43.6K Aug 9, 2021 Common Stock 1.79K $3.61 Direct F1, F2, F3
* 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 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.
F3 Equity grant under the Company's 2014 Equity Incentive Plan.