0001209191-21-025152.txt : 20210405
0001209191-21-025152.hdr.sgml : 20210405
20210405163610
ACCESSION NUMBER: 0001209191-21-025152
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210401
FILED AS OF DATE: 20210405
DATE AS OF CHANGE: 20210405
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: 21805916
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: 12181 BLUFF CREEK DRIVE, 4TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90094
BUSINESS PHONE: 310-207-0272
MAIL ADDRESS:
STREET 1: 12181 BLUFF CREEK DRIVE, 4TH FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90094
FORMER COMPANY:
FORMER CONFORMED NAME: RUBICON PROJECT, INC.
DATE OF NAME CHANGE: 20140106
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-04-01
0
0001595974
MAGNITE, INC.
MGNI
0001100612
BARRETT MICHAEL G.
C/O MAGNITE, INC.
12181 BLUFF CREEK DRIVE, 4TH FLOOR
PLAYA VISTA
CA
90094
1
1
0
0
CEO
Common Stock
2021-04-01
4
A
0
41742
0.00
A
1601678
D
Employee Stock Option (right to buy)
42.80
2021-04-01
4
A
0
54358
0.00
A
2031-04-01
Common Stock
54358
54358
D
Performance Stock Units
2021-04-01
4
A
0
26291
0.00
A
Common Stock
26291
26291
D
Represents restricted stock units that vest as follows: 11,305 on May 15, 2022, 2,609 on each August 15, November 15, February 15, and May 15 thereafter until February 15, 2025 and 1,738 on May 15, 2025, 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 Company's 2014 Equity Incentive Plan.
25% of the total number of shares underlying this option will vest on April 1, 2022 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
2021-04-05