Form 4: Magnite Inc. Executive Saltz Reports Share Forfeiture to Cover Tax Obligations
SEC Form 4 Filing
Aaron Saltz, Chief Legal Officer of Magnite Inc., reports a non-discretionary forfeiture of 4,153 shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Aaron Saltz, the Chief Legal Officer of Magnite Inc., reported a transaction involving the forfeiture of 4,153 shares of common stock.
- The forfeiture was non-discretionary and mandated by Magnite to cover tax withholding obligations associated with the vesting of restricted stock units.
- The price per share was $12.51.
- Following the transaction, Saltz beneficially owns 312,857 shares of Magnite Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction (share forfeiture for tax obligations). It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the share forfeiture transaction. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
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