SEC Form 4 · accession 0001595974-16-000060
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Kershaw
Officer — See remarks
Period of report
Nov 15, 2016
Accepted (ET)
Nov 17, 2016 · 9:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001595974
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 15, 2016 | A | 125,000 | $0.00 | A | 125,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F3 | $7.72 | Nov 15, 2016 | A | 50,000 | A | — | Nov 15, 2026 | Common Stock | 0 | 50,000 | D |
Explanation of responses
- F1Represents restricted stock units that vest as follows: 31,250 RSUs on November 15, 2017 and 15,625 RSUs on each May 15 and November 15 thereafter until November 15, 2020.
- F2Granted as compensation for services.
- F3The option, representing a right to purchase a total of 50,000 shares, becomes exercisable with respect to 25% of the grant on October 3, 2017 and becomes exercisable with respect to the remainder in 36 equal installments each calendar month thereafter.
Remarks
Chief Product and Engineering Officer