SEC Form 4 · accession 0001595974-19-000030
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
Feb 20, 2019
Accepted (ET)
Feb 22, 2019 · 7:53 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 | Feb 20, 2019 | A | 209,000 | $0.00 | A | 630,589 | 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,F3 | $4.92 | Feb 20, 2019 | A | 179,000 | A | — | Feb 20, 2029 | Common Stock | 179,000 | 179,000 | D |
Explanation of responses
- F1Represents restricted stock units that vest as follows: 65,312 on May 15, 2020, 26,125 on each November 15 and May 15 thereafter until November 15, 2022, and 13,063 on May 15, 2023.
- F2Granted as compensation for services.
- F325% of the stock options will vest on February 1, 2020 and the remaining option shares will become exercisable in 36 equal installments each calendar month thereafter.