Form 4: Magnite Director David T. Pearson Acquires 14,061 Shares of Common Stock

Director David T. Pearson acquired 14,061 shares of Magnite, Inc. common stock as compensation for services.

Summary

• On June 12, 2024, David T. Pearson, a director of Magnite, Inc., acquired 14,061 shares of common stock.
• The acquisition was in the form of restricted stock units granted as compensation for services.
• These restricted stock units vest in full on the earliest of June 12, 2025, the date of the 2025 annual meeting of the Issuer's stockholders, or a change of control of the Issuer.
• Following the transaction, Pearson directly owns 76,715 shares of Magnite, Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition as part of compensation. While insider buying can be seen as positive, this is part of a pre-determined compensation plan.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The vesting of the restricted stock units is contingent upon future events, including the passage of time, the date of the 2025 annual meeting, or a change of control of the Issuer.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the ownership changes of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a director.

Key Dates