SEC Form 4 · accession 0001603810-16-000006
MAGNITE, INC. · MGNI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sumant Mandal
Director
Period of report
Feb 19, 2016
Accepted (ET)
Mar 10, 2016 · 2:12 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 Stock | Feb 19, 2016 | J | 11,283 | $0.00 | D | 17,702 | D | |
| Common StockF2 | holding | — | — | — | 4,093,669 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Upon vesting of the restricted stock units underlying the common shares, the common shares were transferred for no value from the reporting person to Clearstone Venture Management III, LLC, a Delaware limited liability company ("CVM III"), pursuant to a contractual obligation to assign any fees received for his service as a director.
- F2Represents (i) 11,283 shares directly beneficially owned by CVM III, (ii) 4,010,692 Shares directly beneficially owned by Clearstone Venture Partners III-A, L.P., a Delaware limited partnership ("CVP III-A") and (iii) 71,695 Shares directly beneficially owned by Clearstone Venture Partners III-B, a Delaware multiple series limited liability company ("CVP III-B"). CVM III is the general partner and managing member of CVP III-A and CVP III-B, respectively. The reporting person is a managing director of CVM III and a member of CVP III-B. The reporting person disclaims beneficial ownership of the shares held by CVM III, CVP III-A or CVP III-B, except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purposes.