Form 4: Magnite Director Douglas S. Knopper Reports Acquisition of Restricted Stock Units

Director Douglas S. Knopper reports acquisition of 14,061 restricted stock units in Magnite, Inc. as compensation for services.

Summary

• On June 12, 2024, Douglas S. Knopper, a director of Magnite, Inc., acquired 14,061 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted as compensation for services.
• The units vest in full on the earliest of June 12, 2025, the date of the 2025 annual meeting of Magnite's stockholders, or a change of control of the Issuer.
• Following the transaction, Knopper directly owns 149,349 shares of Magnite common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard compensation practice. The acquisition of stock units by a director is generally viewed positively, indicating confidence in the company's future, but it's a routine event.

Positives

• The acquisition of restricted stock units aligns the director's interests with those of the company and its shareholders.
• The vesting schedule incentivizes continued service and commitment to Magnite's success.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it demonstrates the director's alignment with shareholder interests.

Key Dates