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

Signature
/s/ Aaron Saltz, attorney-in-fact
Stock symbol
MGNI
Transactions as of
Aug 15, 2024
Transactions value $
-$173,538
Form type
4
Date filed
8/16/2024, 05:10 PM
Previous filing
May 17, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Tax liability -$47K -3.76K -1.38% $12.51 268K Aug 15, 2024 Direct F1
transaction MGNI Common Stock Sale -$127K -10K -3.73% $12.65 258K Aug 15, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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.
F2 The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2023.