Lam Rachel 4

What Happened Rachel Lam, a director of MAGNITE, was granted 13,798 restricted stock units (RSUs) on June 8, 2026. The Form 4 shows an acquisition at $0.00 (no purchase price); the grant was made as compensation for services. The RSUs vest in full on the earliest of (i) June 8, 2027, (ii) the date of the 2027 annual meeting, or (iii) a change of control.

Key Details

• Transaction date: 2026-06-08; Filing date: 2026-06-10 (filed within the typical 2-business-day Form 4 window).
• Transaction type/code: A = Award/Grant; 13,798 RSUs acquired at $0.00.
• Vesting/conditions: See footnote — vests in full on earliest of June 8, 2027, 2027 annual meeting, or change of control.
• Purpose: Footnote notes grant was compensation for services.
• Shares owned after transaction: not specified in the provided filing details.

Context RSU grants are a form of compensation/retention and do not require an immediate cash outlay or sale of shares. Because these awards vest in the future (or upon a change of control), they are not an immediate market buy or sell signal—rather, they reflect standard director compensation.