Form 4: Magnite COO Katie Seitz Evans Reports Tax-Related Share Forfeiture
SEC Form 4 Filing
Katie Seitz Evans, Chief Operating Officer of Magnite, Inc., reported a transaction involving the forfeiture of shares to cover tax withholding obligations.
Summary
- On August 15, 2024, Katie Seitz Evans, the Chief Operating Officer of Magnite, Inc., reported a transaction on SEC Form 4.
- The transaction involved the non-discretionary forfeiture of 7,483 shares of common stock at a price of $12.51 per share.
- This forfeiture was mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the reported transaction, Evans beneficially owns 401,477 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 indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are routine disclosures of transactions by company insiders and are a normal part of corporate governance. This specific transaction relates to tax obligations, which is a common occurrence when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the share forfeiture transaction. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.