Form 4: Magnite Executive Sean Patrick Buckley Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Sean Patrick Buckley, President of Revenue at Magnite, Inc., reports the forfeiture of 27,444 shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Sean Patrick Buckley, President of Revenue at Magnite, Inc., reported a transaction involving common stock.
- The transaction involved the forfeiture of 27,444 shares to cover tax withholding obligations associated with the vesting of restricted stock units.
- The shares were forfeited at a price of $20.
- Following the transaction, Buckley directly owns 381,085 shares of Magnite, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing reflects the standard practice of forfeiting shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The forfeiture of shares has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of the transaction (stock forfeiture). |
| 02/19/2025 | Date of signature by attorney-in-fact. |
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