Magnite (MGNI) CEO logs tax-withholding forfeiture of 10,404 shares on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MAGNITE, INC. CEO Michael G. Barrett reported a routine tax-related share forfeiture. On May 15, 2026, 10,404 shares of common stock were disposed of at an indicated value of $12.82 per share to satisfy tax withholding obligations tied to vesting restricted stock units.
The filing notes this was a non-discretionary forfeiture mandated by the company’s arrangement, not an open-market sale. After this transaction, Barrett directly holds 403,074 shares of Magnite common stock, which includes 1,316 shares acquired the same day under the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BARRETT MICHAEL G.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 10,404 | $12.82 | $133K |
Holdings After Transaction:
Common Stock — 403,074 shares (Direct, null)
Footnotes (1)
- 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. Includes 1,316 shares acquired by the Reporting Person on May 15, 2026 under the Issuer's Employee Stock Purchase Plan.
Key Figures
Tax-withholding shares: 10,404 shares
Indicated price per share: $12.82/share
Shares held after transaction: 403,074 shares
+1 more
4 metrics
Tax-withholding shares
10,404 shares
Disposed on May 15, 2026 to cover RSU tax
Indicated price per share
$12.82/share
Value used for 10,404-share tax disposition
Shares held after transaction
403,074 shares
Direct MAGNITE holdings following Form 4 event
ESPP shares acquired
1,316 shares
Acquired May 15, 2026 under Employee Stock Purchase Plan
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax withholding obligations
3 terms
restricted stock units financial
"cover the tax withholding obligations associated with the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"shares acquired by the Reporting Person on May 15, 2026 under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"to cover the tax withholding obligations associated with the vesting of restricted stock units"
FAQ
What insider transaction did MAGNITE (MGNI) CEO Michael Barrett report?
Michael Barrett reported a tax-withholding disposition of 10,404 MAGNITE shares. The shares were forfeited on May 15, 2026 to cover tax obligations from vesting restricted stock units under a company-mandated arrangement.
Was the MAGNITE (MGNI) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 describes a non-discretionary forfeiture to cover taxes. Shares were automatically delivered to satisfy tax withholding tied to RSU vesting, rather than being sold by the CEO in the open market.