0001209191-22-007037.txt : 20220203
0001209191-22-007037.hdr.sgml : 20220203
20220203193106
ACCESSION NUMBER: 0001209191-22-007037
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220201
FILED AS OF DATE: 20220203
DATE AS OF CHANGE: 20220203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BARRETT MICHAEL G.
CENTRAL INDEX KEY: 0001100612
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36384
FILM NUMBER: 22590376
BUSINESS ADDRESS:
BUSINESS PHONE: 310-207-0272
MAIL ADDRESS:
STREET 1: C/O THE RUBICON PROJECT, INC.
STREET 2: 12181 BLUFF CREEK DRIVE, 4TH FLOOR
CITY: PLAYA VISTA
STATE: CA
ZIP: 90094
FORMER NAME:
FORMER CONFORMED NAME: BARRETT MICHAEL
DATE OF NAME CHANGE: 19991207
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MAGNITE, INC.
CENTRAL INDEX KEY: 0001595974
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
IRS NUMBER: 208881738
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1250 BROADWAY
STREET 2: 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
BUSINESS PHONE: 212-243-2769
MAIL ADDRESS:
STREET 1: 1250 BROADWAY
STREET 2: 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10001
FORMER COMPANY:
FORMER CONFORMED NAME: RUBICON PROJECT, INC.
DATE OF NAME CHANGE: 20140106
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-02-01
0
0001595974
MAGNITE, INC.
MGNI
0001100612
BARRETT MICHAEL G.
C/O MAGNITE, INC.
1250 BROADWAY,15TH FLOOR
NEW YORK
NY
10001
1
1
0
0
CEO
Common Stock
2022-02-01
4
A
0
138313
0.00
A
1576968
D
Stock Option (right to buy)
13.90
2022-02-01
4
A
0
172216
0.00
A
2032-02-01
Common Stock
172216
172216
D
Performance Stock Units
2022-02-01
4
A
0
86806
0.00
A
Common Stock
86806
86806
D
Represents restricted stock units (the "RSUs") that vest as follows: 25% of the total number of shares underlying the RSU will vest on February 15, 2023 and the remaining shares vest in 12 equal quarterly installments on the 15th of every May, August, November and February thereafter, 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.
Equity grant under the Issuer's 2014 Equity Incentive Plan.
25% of the total number of shares underlying this option will vest on February 1, 2023 and the remaining shares vest 1/36 per month over the next 36 months thereafter, 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.
Each performance stock unit ("PSU") represents a contingent right to receive on vesting one share of the Issuer's common stock.
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.
/s/ Aaron Saltz, attorney-in-fact
2022-02-03