MAGNITE INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) Recent Sales of Unregistered Securities
None (except as previously disclosed).
(b) Use of Proceeds
Not Applicable.
(c) Purchases of Equity Securities by the Company and Affiliated Purchasers
Common stock repurchases during the quarter ended March 31, 2024 were as follows (in thousands, except per share amounts):
| Period | Total Number of Shares Purchased | Average Price per Share |
|---|---|---|
| Equity withholding(1) | 3 | $9.25 |
| Equity withholding(1) | 899 | $9.72 |
| Equity withholding(1) | 14 | $12.20 |
(1) Upon vesting of most restricted stock units or stock awards, we are required to deposit minimum statutory employee withholding taxes on behalf of the holders of the vested awards. As reimbursement for these tax deposits, we have the option to withhold from shares otherwise issuable upon vesting a portion of those shares with a fair market value equal to the amount of the deposits we paid. Withholding of shares in this manner is accounted for as a repurchase of common stock.
Item 5. Other Information
Trading Plans
In the first quarter of 2024, the following trading plans were adopted orterminated by our Section 16 officers or directors:
| Officer Name | Officer Title | Date Plan Adopted/Terminated | Duration of Plan | Shares to be Purchased or Sold | Intended to Satisfy Rule 10b5-1(c)? |
|---|---|---|---|---|---|
| James Rossman | Director | Adopted March 8, 2024 | June 10, 2024 - March 7, 2025 | Sell up to 224,936, subject to certain conditions | Yes |
| Katheryn Evans | Chief Operating Officer | Adopted March 14, 2024 | June 13, 2024 - March 14, 2025 | Sell up to 49,888, subject to certain conditions | Yes |
| Aaron Saltz | Chief Legal Officer | Adopted March 15, 2024 | June 14, 2024 - March 14, 2025 | Sell up to 51,521, subject to certain conditions | Yes |
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