Form 4: Magnite Director Sarah Harden Reports Acquisition of Common Stock

Director Sarah Patricia Harden reported the acquisition of 14,061 shares of Magnite, Inc. common stock on June 12, 2024, as compensation for services.

Summary

• On June 12, 2024, Sarah Patricia Harden, a director of Magnite, Inc., acquired 14,061 shares of common stock.
• The shares were acquired as compensation for services.
• The price per share was $0.
• Following the transaction, Harden directly owns 139,173 shares of Magnite, Inc.
• The acquisition involved restricted stock units that 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing detailing a stock transaction. The acquisition of shares by a director is generally viewed as a positive sign, but it's part of a compensation package.

Positives

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

Future Outlook

The restricted stock units will vest 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.

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 transaction could have a minor positive impact on shareholder sentiment due to the director's increased stake in the company.

Key Dates