4//SEC Filing
BARRETT MICHAEL G. 4
Accession 0001415889-25-001407
CIK 0001595974other
Filed
Jan 12, 7:00 PM ET
Accepted
Jan 13, 5:44 PM ET
Size
11.2 KB
Accession
0001415889-25-001407
Insider Transaction Report
Form 4
MAGNITE, INC.MGNI
BARRETT MICHAEL G.
DirectorCEO
Transactions
- Award
Common Stock
2025-01-09+82,117→ 717,031 total - Award
Performance Stock Units
2025-01-09+107,497→ 107,497 total→ Common Stock (107,497 underlying) - Award
Stock Option (Right to Buy)
2025-01-09+81,374→ 81,374 totalExercise: $16.46Exp: 2035-01-09→ Common Stock (81,374 underlying)
Footnotes (5)
- [F1]Represents restricted stock units that vest as follows: 22,240 on February 15, 2026, 5,132 on each May 15, August 15, November 15, and February 15 thereafter until November 15, 2028 and 3,425 on February 15, 2029, subject to continued service to the Issuer through each vesting date. This equity grant may be subject to accelerated vesting in the event the Reporting Person's employment is terminated under certain circumstances.
- [F2]Equity grant under the Company's Amended and Restated 2014 Equity Incentive Plan.
- [F3]Each performance stock unit ("PSU") represents a contingent right to receive on vesting one share of the Issuer's common stock.
- [F4]The PSUs will generally vest on the three-year anniversary of the grant date of the award subject to the Reporting Person's continued service through such date. The number of shares vested will be determined based on the Issuer's total stockholder return ("TSR") relative to the TSRs of the companies in the Russell 2000 index for the three year-period beginning January 1, 2025, as well as certain interim measurements based on relative TSR for the one-year and two-year periods beginning on January 1, 2025. The number of PSUs reported in column 5 reflects the target number of PSUs subject to the award. The award is eligible to vest as to 0% to 150% of the target number of PSUs.
- [F5]25% of the total number of shares underlying this option will vest on January 1, 2026 and the remaining shares vest 1/36 per month over the next 36 months thereafter, subject to continued service to the Issuer through each vesting date. This equity grant may be subject to accelerated vesting in the event the Reporting Person's employment is terminated under certain circumstances.
Documents
Issuer
MAGNITE, INC.
CIK 0001595974
Entity typeother
Related Parties
1- filerCIK 0001100612
Filing Metadata
- Form type
- 4
- Filed
- Jan 12, 7:00 PM ET
- Accepted
- Jan 13, 5:44 PM ET
- Size
- 11.2 KB