MAGNITE (MGNI) CLO Aaron Saltz Forfeits 5,627 Shares for Taxes

What Happened
Aaron Saltz, Chief Legal Officer of MAGNITE, disposed of 5,627 shares on August 15, 2026 as a non‑discretionary forfeiture to satisfy tax withholding obligations tied to restricted stock unit (RSU) vesting. The shares were valued at $24.73 each, totaling approximately $139,156. This was a tax‑withholding/forfeiture transaction—not an open‑market sale or purchase.

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-18. The filing does not indicate a late filing.
• Price per share: $24.73; Total value: ~$139,156.
• Shares disposed: 5,627 (code F — tax withholding).
• Shares owned after the transaction: not specified in the information provided in this summary (see the Form 4 for post‑transaction holdings).
• Footnote: The filing states this was a non‑discretionary forfeiture of shares mandated by the issuer to cover tax withholding on vested RSUs.

Context
This type of transaction is routine: when RSUs vest, companies commonly withhold or require forfeiture of a portion of shares to cover payroll/tax obligations. It does not necessarily signal insider sentiment about the company’s prospects. Purchases or open‑market sales by insiders tend to be more informative about confidence or liquidity needs.