Form 4: Magnite CFO Brian Gephart Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Brian Gephart, Chief Accounting Officer of Magnite, Inc., reports the forfeiture of 3,045 shares to cover tax withholding obligations.
Summary
- On May 15, 2025, Brian Gephart, Chief Accounting Officer of Magnite, Inc., reported a transaction on SEC Form 4.
- The transaction involved the non-discretionary forfeiture of 3,045 shares of common stock at a price of $15.88 per share.
- This forfeiture was mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Gephart directly owns 123,530 shares of Magnite common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding share forfeiture for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares forfeited to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of the share forfeiture transaction. |
| 05/16/2025 | Date of signature on the SEC Form 4 filing. |
Keywords
Form 4, Magnite, MGNI, Brian Gephart, Share Forfeiture, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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