Form 4: Magnite COO Katie Seitz Evans Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Katie Seitz Evans, COO of Magnite, Inc., reports the forfeiture of 9,448 common stock shares to cover tax withholding obligations.
Summary
- On May 15, 2024, Katie Seitz Evans, the Chief Operating Officer of Magnite, Inc., reported a transaction involving the forfeiture of 9,448 shares of common stock.
- The forfeiture was non-discretionary and mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Evans directly owns 423,501 shares of Magnite common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard tax procedures for vested stock; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process for handling tax obligations related to equity compensation.
Stakeholder Impact
- The forfeiture has a minor impact on the total number of outstanding shares, but is unlikely to significantly affect shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the share forfeiture transaction. |
| 05/17/2024 | Date of signature for the Form 4 filing. |
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