Form 4: Magnite CEO Michael Barrett Reports Changes in Beneficial Ownership

Michael Barrett, CEO of Magnite, Inc., reports a transaction involving common stock due to tax withholding obligations and participation in the Employee Stock Purchase Plan.

Summary

• On May 15, 2025, Magnite CEO Michael Barrett reported changes in his beneficial ownership of the company's common stock.
• These changes include the forfeiture of 13,086 shares to cover tax withholding obligations related to the vesting of restricted stock units.
• Barrett also acquired 1,577 shares through Magnite's Employee Stock Purchase Plan at a price of $15.88 per share.
• Following these transactions, Barrett's total beneficial ownership of Magnite common stock is 731,708 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to stock-based compensation and employee benefits, with no indication of significant positive or negative developments.

Positives

• The CEO's participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to stock-based compensation and employee stock purchase plans, which are common in the tech industry.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding.

Key Dates

Keywords

Magnite, MGNI, Michael Barrett, CEO, Beneficial Ownership, Form 4, Employee Stock Purchase Plan, Restricted Stock Units, Tax Withholding