SEC Form 4 · accession 0001595974-18-000028
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael G. Barrett
Officer — President and CEO · Director
Period of report
Mar 15, 2018
Accepted (ET)
Mar 16, 2018 · 9:35 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,F3 | Mar 15, 2018 | A | 175,000 | $0.00 | A | 1,275,388 | D | |
| Common StockF4,F2 | Mar 15, 2018 | A | 175,000 | $0.00 | A | 1,450,388 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2,F5 | $1.97 | Mar 15, 2018 | A | 300,000 | A | — | Mar 15, 2028 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1Represents restricted stock units that vest as follows: 87,500 on January 15, 2019 and 87,500 on January 15, 2020.
- F2Granted as compensation for services.
- F3Includes 1,250 shares acquired under the The Rubicon Project, Inc. 2014 Employee Stock Purchase Plan on November 15, 2017.
- F4Represents restricted stock units that vest as follows: 54,687 on May 15, 2019, 21,875 on each November 15 and May 15 thereafter until November 15, 2021, and 10,938 on May 15, 2022.
- F525% of the stock options will vest on February 1, 2019 and the remaining option shares will become exercisable in 36 equal installments each calendar month thereafter.