Gephart Brian 4

What Happened

Brian Gephart, Chief Accounting Officer of MAGNITE, disposed of 6,149 shares on February 15, 2026 at $11.70 per share, resulting in proceeds of $71,943. This disposition was a non-discretionary forfeiture to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not an open-market sale indicating a change in investment view.

Key Details

• Transaction date and price: February 15, 2026 — 6,149 shares at $11.70 each.
• Total value: $71,943 (proceeds from the forfeiture/withholding).
• Shares owned after transaction: Not reported in this filing.
• Footnote: F1 — The shares were non-discretionarily forfeited by the issuer to cover tax withholding on vested RSUs.
• Filing date: Form 4 filed February 18, 2026 — appears timely based on the reported transaction date.

Context

• Code F (tax withholding) denotes shares withheld or forfeited to cover taxes on equity awards; this is a routine administrative transaction and typically does not signal insider sentiment.
• For retail investors, purchases are often more informative than routine withholdings; this transaction reflects compensation tax mechanics rather than a deliberate sale.