Form 4: Magnite Executive Katie Seitz Evans Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Katie Seitz Evans, President of Operations at Magnite, Inc., reports the forfeiture of 10,860 shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 15, 2025, Katie Seitz Evans, President of Operations at Magnite, Inc., reported a transaction involving common stock.
- The transaction involved the non-discretionary forfeiture of 10,860 shares at a price of $15.88 per share.
- This forfeiture was mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the reported transaction, Evans beneficially owns 457,788 shares of Magnite common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of the share forfeiture transaction. |
| 05/16/2025 | Date of signature for the report. |
Keywords
Form 4, Magnite, MGNI, Katie Seitz Evans, Share Forfeiture, Tax Withholding, Restricted Stock Units, Beneficial Ownership
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