David Buonasera - 15 May 2024 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Reporting relationship: CHIEF TECHNOLOGY OFFICER
Issuer ticker: MGNI
Reported as of: 15 May 2024
Net transaction value: -$143,544
SEC form: 4
Accepted by SEC: 17 May 2024, 16:15:36 UTC
Prior SEC filing: 16 Feb 2024
Next SEC filing: 16 Aug 2024
Source filing: View source filing
Reporting owner signature: /s/ Aaron Saltz, attorney-in-fact

Key filing fact

David Buonasera filed Form 4 for MAGNITE, INC. (MGNI) on 17 May 2024.

Key facts

This page summarizes David Buonasera's Form 4 filing for MAGNITE, INC. (MGNI).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 May 2024, 16:15.

Change

Previous filing in this sequence was filed on 16 Feb 2024.
Current net transaction value: -$143,544.

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

Tax liability

Transaction value: $74,794
Shares: -7,632
Change %: -2.7%
Price: $9.80
Shares after: 276,242
Date: 15 May 2024
Ownership: Direct
Footnotes: F1

MGNI transaction

Common Stock

Sale

Transaction value: $68,750
Shares: -5,500
Change %: -2%
Price: $12.50
Shares after: 271,862
Date: 16 May 2024
Ownership: Direct
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

Represents the non-discretionary forfeiture of shares on behalf of the Reporting Person pursuant to an arrangement mandated by the Issuer to cover the tax withholding obligations associated with the vesting of restricted stock units.

Footnote F2

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.

Footnote F3

Includes 277 shares acquired by the Reporting Person on November 15, 2023 and 843 shares acquired by the Reporting Person on May 15, 2024, each under the Issuer's Employee Stock Purchase Plan.