Form 4: Magnite Director James Rossman Reports Acquisition of 14,061 Shares of Common Stock

Director James Rossman acquired 14,061 shares of Magnite, Inc. common stock on June 12, 2024, as compensation for services.

Summary

• On June 12, 2024, James Rossman, a director of Magnite, Inc., acquired 14,061 shares of common stock.
• The acquisition was made as compensation for services.
• The price per share was $0.
• Following the transaction, Rossman directly owns 369,856 shares of Magnite, Inc.
• The acquired securities are restricted stock units that vest in full on the earliest of (i) June 12, 2025, (ii) the date of the 2025 annual meeting of the Issuer's stockholders, or (iii) a change of control of the Issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition as compensation. The director increasing their holdings is a mildly positive signal, but it's not a major event.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Future Outlook

The restricted stock units vest on the earliest of June 12, 2025, the date of the 2025 annual meeting, or a change of control, indicating potential future events that could impact ownership.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their confidence in the company's prospects.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the director increasing their stake.

Key Dates