SEC Form 4 · accession 0001603810-15-000001
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sumant Mandal
Director · 10% Owner
Period of report
May 26, 2015
Accepted (ET)
May 27, 2015 · 5:23 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 Stock, par value $0.00001 per shareF2 | May 26, 2015 | J | 618,934 | $17.40 | D | 5,744,720 | I | By Clearstone Venture Management III, L.L.C. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Distribution of shares to limited partners of Clearstone Venture Partners III-A, L.P., a Delaware Limited Partnership
- F2Indirect holdings include 5,570,405 shares directly beneficially owned by Clearstone Venture Partners III-A, L.P., a Delaware Limited Partnership ("CVP III-A") and 110,640 directly beneficially owned by Clearstone Venture Partners III-B, a Delaware multi-series Limited Liability Corporation ("CVP III-B"). Mr. Mandal is a Managing Member of Clearstone Venture Management III, L.L.C., a Delaware Limited Liability Corporation ("CVM III") and shares voting and investment power over shares held beneficially by CVM III. CVM III is the general partner and managing member of CVP III-A and CVP III-B, respectively. Each of the reporting persons disclaims beneficial ownership of such shares of common stock of RUBI to the extent it exceeds its pecuniary interest. Mr. Mandal also has direct ownership of 21,283 common shares received in a restricted stock grant as well as 42,392 common stock options all of which are subject to vesting.