Saltz Aaron 4
4 · MAGNITE, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
MAGNITE (MGNI) CLO Aaron Saltz Forfeits 5,627 Shares to Cover Taxes
What Happened
Aaron Saltz, Chief Legal Officer of MAGNITE, Inc. (MGNI), had 5,627 shares forfeited on May 15, 2026 to cover tax withholding related to the vesting of restricted stock units (RSUs). The shares were disposed at a reported per-share value of $12.82, for a total withholding value of $72,138. This was a non-discretionary tax-withholding action rather than an open-market sale.
Key Details
- Transaction date: 2026-05-15; Filing date: 2026-05-19 (filed within standard two business days).
- Transaction code: F (tax withholding / non-discretionary forfeiture).
- Shares forfeited: 5,627 at $12.82 per share; total value $72,138.
- Shares owned after transaction: Not disclosed in the filing.
- Footnote: The forfeiture was mandated by the issuer to cover tax withholding obligations on vested RSUs (per footnote F1).
- Filing appears timely (not marked late).
Context
This was a routine "sell-to-cover" style withholding to meet tax obligations on vested RSUs, not a discretionary sale that necessarily signals insider sentiment. Such forfeitures are common when equity awards vest and do not by themselves indicate a change in the insider's view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-15$12.82/sh−5,627$72,138→ 270,016 total
Footnotes (1)
- [F1]Represents the non-discretionary forfeiture of shares on behalf of the Reporting Person pursuant to an arrangement mandated by the Issuer to cover the tax withholding obligations associated with the vesting of restricted stock units.