Tax withholding trims Magnite (NASDAQ: MGNI) CTO share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnite, Inc. chief technology officer David Buonasera had 8,335 common shares withheld at $12.82 per share to cover tax obligations from vesting restricted stock units. After this non-discretionary forfeiture, he directly holds 294,193 shares, which include 433 shares acquired under the company’s Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Buonasera David
Role
CHIEF TECHNOLOGY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,335 | $12.82 | $107K |
Holdings After Transaction:
Common Stock — 294,193 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 433 shares acquired by the Reporting Person on May 15, 2026 under the Issuer's Employee Stock Purchase Plan.
Key Figures
Tax-withheld shares: 8,335 shares
Price per share: $12.82 per share
Shares after transaction: 294,193 shares
+1 more
4 metrics
Tax-withheld shares
8,335 shares
Common stock forfeited to cover RSU tax obligations
Price per share
$12.82 per share
Value used for tax-withholding disposition
Shares after transaction
294,193 shares
Direct common stock holdings following disposition
ESPP shares acquired
433 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
"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"