Magnite (MGNI) CFO forfeits 30,617 shares to cover RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MAGNITE, INC. Chief Financial Officer David Day reported a tax-related share disposition. On February 15, 2026, 30,617 shares of common stock were forfeited at $11.70 per share to cover withholding taxes on vesting restricted stock units, a non-discretionary transaction, leaving him with 507,459 shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Day David
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 30,617 | $11.70 | $358K |
Holdings After Transaction:
Common Stock — 507,459 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MAGNITE (MGNI) disclose for CFO David Day?
MAGNITE disclosed that CFO David Day had 30,617 common shares forfeited to cover tax withholding on vesting restricted stock units. This non-discretionary transaction, coded “F,” was not an open-market trade and reflects routine settlement of tax obligations.
Was the MAGNITE (MGNI) CFO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were forfeited under an issuer-mandated arrangement to satisfy tax obligations from restricted stock unit vesting, rather than a discretionary decision to sell shares in the market.
What does transaction code “F” mean in MAGNITE (MGNI) CFO’s Form 4?
Transaction code “F” indicates payment of exercise price or tax liability by delivering securities. In this case, it represents non-discretionary forfeiture of 30,617 shares mandated by MAGNITE to cover tax withholding tied to vesting restricted stock units granted to the CFO.