Form 4: Magnite CLO's Future Share Disposition for Tax

Magnite's Chief Legal Officer, Aaron Saltz, reported a future disposition of 5,695 common shares on November 15, 2025, to cover tax obligations from restricted stock unit vesting.

Summary

• Aaron Saltz, Chief Legal Officer of Magnite, Inc. (MGNI), reported a transaction involving the company's common stock.
• On November 15, 2025, 5,695 shares of Magnite common stock were disposed of.
• The disposition was non-discretionary, mandated by the issuer to cover tax withholding obligations associated with the vesting of restricted stock units.
• The price per share for the disposition was $14.15.
• Following this transaction, Aaron Saltz beneficially owns 209,384 shares of Magnite common stock.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine, non-discretionary disposition of shares to cover tax obligations related to restricted stock unit vesting. It does not indicate a discretionary buy or sell decision by the insider and is generally considered neutral in terms of market sentiment.

Positives

• The underlying event is the vesting of restricted stock units, indicating compensation for the Chief Legal Officer.

Negatives

• A reduction of 5,695 shares in the direct beneficial ownership of the Chief Legal Officer.

Stakeholder Impact

• Shareholders: Minor, routine reduction in insider ownership, not indicative of a change in confidence.
• Employees: The RSU vesting indicates ongoing compensation practices for executives.

Key Dates

Keywords

Magnite, MGNI, Aaron Saltz, Chief Legal Officer, Form 4, insider transaction, stock disposition, tax withholding, RSU vesting