David Buonasera - 28 Feb 2023 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
02 Mar 2023, 15:30:27 UTC
Next SEC filing
18 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Aaron Saltz, attorney-in-fact

Key filing fact

David Buonasera filed Form 4 for MAGNITE, INC. (MGNI) on 02 Mar 2023.

Key facts

  • This page summarizes David Buonasera's Form 4 filing for MAGNITE, INC. (MGNI).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 02 Mar 2023, 15:30.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MGNI transaction

Common Stock

Award

Transaction value
$0
Shares
+46,873
Change %
+27%
Price
$0.000000
Shares after
221,557
Date
28 Feb 2023
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MGNI transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+18,152
Change %
Price
$0.000000
Shares after
18,152
Date
28 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,152
Exercise price
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents restricted stock units that vest as follows: 13,671 on May 15, 2024, 2,930 on each August 15, November 15, February 15 and May 15 thereafter until February 15, 2027 and 972 on May 15, 2027, 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.

Footnote F2

Equity grant under the Company's 2014 Equity Incentive Plan.

Footnote F3

Each performance stock unit ("PSU") represents a contingent right to receive on vesting one share of the Issuer's common stock.

Footnote F4

Vesting of the PSU will be determined based on the Issuer's total stockholder return ("TSR") for the three-year period commencing January 1, 2023 relative to the TSRs of the companies in the Russell 2000 index, over that period. The number of PSUs reported in column 5 reflects the target number of PSUs subject to the award. The award is eligible to vest as to 0% to 150% of the target number of PSUs.

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