SEC Form 4 · accession 0001595974-17-000016
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Kershaw
Officer — Chief Technology Officer
Period of report
Mar 15, 2017
Accepted (ET)
Mar 17, 2017 · 9:49 pm EDT
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 | Mar 15, 2017 | A | 24,010 | $0.00 | A | 149,010 | D | |
| Common StockF3,F2 | Mar 15, 2017 | A | 77,778 | $0.00 | A | 226,788 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common StockF2,F4 | $6.06 | Mar 15, 2017 | A | 66,667 | A | — | Mar 15, 2027 | Stock Option (right to buy) | 66,667 | 66,667 | D |
Explanation of responses
- F1Represents restricted stock units that vest as follows: 12,005 on September 1, 2017 and 12,005 on March 1, 2018.
- F2Granted as compensation for services.
- F3Represents restricted stock units that vest as follows: 24,306 on May 15, 2018, 9,722 on each November 15 and May 15 thereafter until November 15, 2020, and 4,862 on May 15, 2021.
- F425% of the stock options will vest on February 1, 2018 and the remaining option shares will become exercisable in 36 equal installments each calendar month thereafter.