Buckley Sean Patrick 4
4 · MAGNITE, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
MAGNITE President Sean Buckley Sells 12,019 Shares
What Happened
Sean Patrick Buckley, President, Revenue of MAGNITE, INC. (MGNI), had 12,019 shares forfeited on May 15, 2026 to satisfy tax withholding obligations. The shares were recorded as disposed at $12.82 per share, for a total value of approximately $154,084. This was a non‑discretionary tax withholding (routine) event rather than an open‑market sale.
Key Details
- Transaction date: May 15, 2026; filing date: May 19, 2026 (filed 4 days after the transaction; Form 4 is generally due within 2 business days).
- Disposition: 12,019 shares @ $12.82 = $154,084. Transaction code F (tax withholding/forfeiture).
- Shares owned after transaction: Not specified in the provided Form 4.
- Footnotes: F1 = non‑discretionary forfeiture to cover tax withholding on vested RSUs. F2 = filing notes 1,767 shares were also acquired by the reporting person on May 15, 2026 under the company’s Employee Stock Purchase Plan (ESPP).
Context
Code F indicates the shares were surrendered to the company to satisfy tax obligations related to equity vesting (a routine administrative transaction), not a directional bet on the stock. Such forfeitures are common when restricted stock units vest; they do not necessarily signal insider confidence or concern. Purchases are generally more informative about insider sentiment than routine withholdings like this one.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-15$12.82/sh−12,019$154,084→ 392,747 total
Footnotes (2)
- [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.
- [F2]Includes 1,767 shares acquired by the Reporting Person on May 15, 2026 under the Issuer's Employee Stock Purchase Plan.