Form 4: Magnite CFO Brian Gephart Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Brian Gephart, Chief Accounting Officer of Magnite, Inc., disposed of 2,004 shares of common stock on May 15, 2024, to cover tax withholding obligations associated with the vesting of restricted stock units.
Summary
- On May 15, 2024, Brian Gephart, the Chief Accounting Officer of Magnite, Inc. disposed of 2,004 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units.
- The shares were disposed of at a price of $9.8.
- Following the transaction, Gephart directly owns 137,335 shares of Magnite, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the transaction where 2,004 shares were disposed of to cover tax obligations. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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