Adam Lee Soroca - Jan 2, 2024 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Role
Chief Product Officer
Signature
/s/ Aaron Saltz, attorney-in-fact
Stock symbol
MGNI
Transactions as of
Jan 2, 2024
Transactions value $
$0
Form type
4
Date filed
1/4/2024, 05:03 PM
Previous filing
Nov 17, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Award $0 +114K +27.17% $0.00 533K Jan 2, 2024 Direct F1, F2

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 Performance Stock Units Award $0 +40.6K $0.00 40.6K Jan 2, 2024 Common Stock 40.6K Direct F2, F3, 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: 30,826 on February 15, 2025, 7,114 on each May 15, August 15, November 15, and February 15 thereafter until November 15, 2027 and 4,741 on February 15, 2028, 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.
F2 Equity grant under the Company's Amended and Restated 2014 Equity Incentive Plan.
F3 Each performance stock unit ("PSU") represents a contingent right to receive on vesting one share of the Issuer's common stock.
F4 The PSUs will generally vest on the three-year anniversary of the grant date of the award subject to the Reporting Person's continued service through such date. The number of shares vested will be determined based on the Issuer's total stockholder return ("TSR") relative to the TSRs of the companies in the Russell 2000 index for the three year-period beginning January 1, 2024, as well as certain interim measurements based on relative TSR for the one-year and two-year periods beginning on January 1, 2024. 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.