Form 4: Magnite CAO Sells Shares for Tax Obligations

Magnite's Chief Accounting Officer, Brian Gephart, sold 2,961 shares of common stock at $23.85 per share to cover tax obligations from vested Restricted Stock Units.

Summary

• Brian Gephart, Magnite's Chief Accounting Officer, reported a sale of 2,961 shares of Magnite, Inc. common stock.
• The transaction occurred on August 18, 2025, with shares sold at a price of $23.85 per share.
• The sale was explicitly stated as non-discretionary, mandated by Magnite's policy to cover tax obligations arising from the settlement of vested Restricted Stock Units (RSUs).
• Following this transaction, Brian Gephart beneficially owns 120,569 shares of Magnite common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary sale of shares by an executive to cover tax obligations from vested equity, which is a neutral event and does not reflect on the company's operational performance or future outlook.

Management Comments

• The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by sell to cover transactions and does not represent a discretionary transaction by the Reporting Person.

Stakeholder Impact

• The transaction has minimal direct impact on shareholders as it is a routine, non-discretionary sale for tax purposes and does not indicate a change in management's confidence or the company's fundamentals.

Key Dates

Keywords

Magnite, MGNI, Brian Gephart, Chief Accounting Officer, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Obligation, Equity Compensation