Form 4: Magnite Director Paul Caine Acquires 14,061 Shares of Common Stock

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

Summary

• On June 12, 2024, Paul Caine, 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, Caine directly owns 187,837 shares of Magnite common stock.
• The restricted stock units 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 by a director as part of compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

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

Future Outlook

The restricted stock units 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.

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.

Stakeholder Impact

• The acquisition of shares by a director could potentially increase investor confidence.

Key Dates