Form 4: Magnite Inc. Executive Katie Seitz Evans Reports Share Forfeiture for Tax Obligations
SEC Form 4 Filing
Katie Seitz Evans, President of Operations at Magnite Inc., reports a non-discretionary forfeiture of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 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 23,481 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, Evans directly owns 468,648 shares of Magnite Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a routine transaction related to tax obligations on vested equity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine adjustment of share ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of the share forfeiture transaction. |
| 02/19/2025 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.