Form 4: Magnite CFO David Day Reports Tax-Related Share Forfeiture

David Day, CFO of Magnite, Inc., reports a non-discretionary forfeiture of 9,124 shares to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On August 15, 2024, David Day, the Chief Financial Officer of Magnite, Inc., reported a transaction involving the forfeiture of company stock.
• The forfeiture involved 9,124 shares of common stock.
• This was a non-discretionary forfeiture to cover tax withholding obligations associated with the vesting of restricted stock units.
• The price per share was $12.51.
• Following the transaction, Day directly owns 421,631 shares of Magnite, Inc.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing a standard tax-related transaction. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about insider activity.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects a change in the CFO's holdings, but it's a standard procedure related to executive compensation.

Key Dates