Aaron Saltz - Sep 8, 2021 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Signature
/s/ Aaron Saltz
Stock symbol
MGNI
Transactions as of
Sep 8, 2021
Transactions value $
-$950,580
Form type
4
Date filed
9/10/2021, 08:11 PM
Previous filing
Aug 18, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Options Exercise $41.9K +5.41K +2.09% $7.74 264K Sep 8, 2021 Direct
transaction MGNI Common Stock Options Exercise $158K +28.9K +10.94% $5.46 293K Sep 8, 2021 Direct
transaction MGNI Common Stock Options Exercise $5.1K +965 +0.33% $5.28 294K Sep 10, 2021 Direct
transaction MGNI Common Stock Options Exercise $29.8K +8.26K +2.81% $3.61 302K Sep 10, 2021 Direct
transaction MGNI Common Stock Options Exercise $23.6K +4.58K +1.52% $5.16 306K Sep 10, 2021 Direct
transaction MGNI Common Stock Sale -$1.21M -40K -13.05% $30.21 266K Sep 10, 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 -5.41K -100% $0.00* 0 Sep 8, 2021 Common Stock 5.41K $7.74 Direct F2, F3
transaction MGNI Stock Option (Right to Buy) Options Exercise $0 -28.9K -100% $0.00* 0 Sep 8, 2021 Common Stock 28.9K $5.46 Direct F2, F3
transaction MGNI Stock Option (Right to Buy) Options Exercise $0 -965 -3.13% $0.00 29.9K Sep 10, 2021 Common Stock 965 $5.28 Direct F3, F4
transaction MGNI Stock Option (Right to Buy) Options Exercise $0 -8.26K -18.95% $0.00 35.3K Sep 10, 2021 Common Stock 8.26K $3.61 Direct F3, F5
transaction MGNI Stock Option (Right to Buy) Options Exercise $0 -4.58K -16.67% $0.00 22.9K Sep 10, 2021 Common Stock 4.58K $5.16 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.15 to $30.33, 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 range set forth in this footnote.
F2 This option is fully vested and immediately exercisable.
F3 Equity grant under the Company's 2014 Equity Incentive Plan.
F4 25% of the total number of shares underlying this option vested on April 1, 2021 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 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.
F6 25% of the total number of shares underlying this option vested on February 14, 2020 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.