MAGNITE, INC.·4

Feb 18, 4:30 PM ET

Saltz Aaron 4

Research Summary

AI-generated summary

Updated

Magnite (MGNI) CLO Aaron Saltz Forfeits 12,761 Shares

What Happened

  • Aaron Saltz, Chief Legal Officer of Magnite, reported a non‑discretionary forfeiture of 12,761 shares on 2026-02-15. The shares were disposed at an effective price of $11.70 per share, for a total of approximately $149,304. This transaction was recorded as code "F" — a tax‑withholding event tied to vested restricted stock units (RSUs), not an open‑market sale.

Key Details

  • Transaction date: 2026-02-15; Filing date: 2026-02-18
  • Disposed: 12,761 shares @ $11.70; Total value ≈ $149,304
  • Shares owned after transaction: Not specified in the filing
  • Footnote: Non‑discretionary forfeiture of shares to satisfy tax withholding obligations associated with RSU vesting
  • Timeliness: Filing shows transaction date 2/15 and was filed 2/18; no late‑filing indicator noted

Context

  • This was a routine tax‑withholding (cashless) forfeiture related to RSU vesting — common for executives when shares vest and taxes are due. Such withholding transactions do not necessarily indicate a change in the insider’s view of the company, unlike intentional open‑market sales or purchases.