Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-23-001412
Date:2023-01-01
Issuer: MAGNITE, INC. (MGNI)
Original Submission Date:

Reporting Person:

EVANS KATIE SEITZ
C/O MAGNITE, INC.
1250 BROADWAY, 15TH FLOOR NEW YORK, NY 10001

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2023-01-01 A 113,821 a $0.00 493,434 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PERFORMANCE STOCK UNITS 0.0 2023-01-01 deemed execution date A 40,602 (a) common stock 40,602 $0.00 40,602 direct
Footnotes
IDfootnote
f1 represents restricted stock units that vest as follows: 30,826 on february 15, 2024, 7,114 on each may 15, august 15, november 15, and february 15 thereafter until november 15, 2026 and 4,741 on february 15, 2027, subject to continued service to the issuer through each vesting date. this equity grant may be subject to accelerated vesting in the event the reporting person's employment is terminated under certain circumstances.
f2 equity grant under the company's 2014 equity incentive plan.
f3 each performance stock unit ("psu") represents a contingent right to receive on vesting one share of the issuer's common stock.
f4 vesting of the psu will be determined based on the issuer's total stockholder return ("tsr") for the three-year period beginning on the grant date of the award relative to the tsrs of the companies in the russell 2000 index over that period. the number of psus reported in column 5 reflects the target number of psus subject to the award. the award is eligible to vest as to 0% to 150% of the target number of psus.
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