David Buonasera - 09 Jan 2025 Form 4 Insider Report for MAGNITE, INC. (MGNI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 Jan 2025, 17:40:11 UTC
Prior SEC filing
13 Dec 2024
Next SEC filing
19 Feb 2025
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 13 Jan 2025.

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: 13 Jan 2025, 17:40.

Change

  • Previous filing in this sequence was filed on 13 Dec 2024.
  • 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
+72,384
Change %
+32%
Price
$0.000000
Shares after
296,179
Date
09 Jan 2025
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
+24,366
Change %
Price
$0.000000
Shares after
24,366
Date
09 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
24,366
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: 19,604 on February 15, 2026, 4,524 on each May 15, August 15, November 15, and February 15 thereafter until November 15, 2028 and 3,016 on February 15, 2029, 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 Amended and Restated 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

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, 2025, as well as certain interim measurements based on relative TSR for the one-year and two-year periods beginning on January 1, 2025. 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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