Director at Magnite (NASDAQ: MGNI) granted 13,798 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harden Sarah Patricia reported acquisition or exercise transactions in this Form 4 filing.
Magnite, Inc. director Sarah Patricia Harden received a grant of 13,798 shares of common stock in the form of restricted stock units as compensation for services. These units vest in full on the earliest of June 8, 2027, the 2027 annual stockholders’ meeting, or a change of control. After this award, she directly holds 163,737 shares of Magnite common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harden Sarah Patricia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,798 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 163,737 shares (Direct, null)
Footnotes (1)
- Represents restricted stock units that vest in full on the earliest of (i) June 8, 2027, (ii) the date of the 2027 annual meeting of the Issuer's stockholders, or (iii) a change of control of the Issuer. Granted as compensation for services.
Key Figures
RSUs granted: 13,798 shares
Post-transaction holdings: 163,737 shares
Award price: $0.00 per share
+1 more
4 metrics
RSUs granted
13,798 shares
Restricted stock units granted on June 8, 2026
Post-transaction holdings
163,737 shares
Total Magnite common shares held after the award
Award price
$0.00 per share
Reported grant price for the restricted stock units
Latest vesting date
June 8, 2027
Latest possible full vesting date for the RSUs
Key Terms
restricted stock units, change of control, annual meeting of the Issuer's stockholders, compensation for services
4 terms
restricted stock units financial
"Represents restricted stock units that vest in full on the earliest of (i) June 8, 2027..."
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.
change of control financial
"...or (iii) a change of control of the Issuer."
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
annual meeting of the Issuer's stockholders financial
"...(ii) the date of the 2027 annual meeting of the Issuer's stockholders..."
compensation for services financial
"Granted as compensation for services."
FAQ
What did Magnite (MGNI) director Sarah Harden report in this Form 4?
Sarah Harden reported receiving 13,798 restricted stock units of Magnite common stock as compensation for services. The grant is recorded at a per-share price of $0.00 because it is an equity award, not an open-market purchase, and increases her direct holdings to 163,737 shares.
When do Sarah Harden’s new Magnite (MGNI) restricted stock units vest?
The 13,798 restricted stock units vest in full on the earliest of June 8, 2027, the date of Magnite’s 2027 annual meeting of stockholders, or a change of control of the company. This creates a time- and event-based vesting schedule for the equity award.
Is Sarah Harden’s Magnite (MGNI) Form 4 transaction an open-market stock purchase?
No, the transaction reflects a grant of restricted stock units as compensation, not an open-market purchase. The award carries a reported price of $0.00 per share because it is issued by Magnite as part of director compensation rather than bought on the stock market.
What triggers earlier vesting of Sarah Harden’s Magnite (MGNI) RSUs?
The restricted stock units vest earlier than June 8, 2027 if either Magnite’s 2027 annual meeting of stockholders occurs sooner or the company experiences a change of control. These conditions provide potential acceleration of vesting tied to corporate governance and control events.