Adam Lee Soroca - 22 Nov 2024 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Signature
/s/ Aaron Saltz, attorney-in-fact
Issuer symbol
MGNI
Transactions as of
22 Nov 2024
Net transactions value
-$125,170
Form type
4
Filing time
26 Nov 2024, 16:07:03 UTC
Previous filing
19 Nov 2024
Next filing
13 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGNI Common Stock Options Exercise $16,406 +8,328 +2% $1.97 429,675 22 Nov 2024 Direct F1
transaction MGNI Common Stock Sale $141,576 -8,328 -1.9% $17.00 421,347 22 Nov 2024 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 Employee Stock Option (Right to Buy) Options Exercise $0 -8,328 -25% $0.000000 24,987 22 Nov 2024 Common Stock 8,328 $1.97 Direct F1, F2, F3
* 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 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 14, 2024.
F2 The stock options have fully vested and are immediately exercisable.
F3 Granted as compensation for services.