0001209191-24-000842.txt : 20240104
0001209191-24-000842.hdr.sgml : 20240104
20240104170332
ACCESSION NUMBER: 0001209191-24-000842
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240102
FILED AS OF DATE: 20240104
DATE AS OF CHANGE: 20240104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Soroca Adam Lee
CENTRAL INDEX KEY: 0001725125
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36384
FILM NUMBER: 24513054
MAIL ADDRESS:
STREET 1: C/O THE RUBICON PROJECT, INC.
STREET 2: 12181 BLUFF CREEK DR., 4TH FLOOR
CITY: PLAYA VISTA
STATE: CA
ZIP: 90094
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MAGNITE, INC.
CENTRAL INDEX KEY: 0001595974
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
ORGANIZATION NAME: 06 Technology
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
X0508
4
2024-01-02
0
0001595974
MAGNITE, INC.
MGNI
0001725125
Soroca Adam Lee
C/O MAGNITE, INC.
1250 BROADWAY, 15TH FLOOR
NEW YORK
NY
10001
0
1
0
0
Chief Product Officer
0
Common Stock
2024-01-02
4
A
0
113821
0.00
A
532683
D
Performance Stock Units
2024-01-02
4
A
0
40602
0.00
A
Common Stock
40602
40602
D
Represents restricted stock units that vest as follows: 30,826 on February 15, 2025, 7,114 on each May 15, August 15, November 15, and February 15 thereafter until November 15, 2027 and 4,741 on February 15, 2028, 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 Amended and Restated 2014 Equity Incentive Plan.
Each performance stock unit ("PSU") represents a contingent right to receive on vesting one share of the Issuer's common stock.
The PSUs will generally vest on the three-year anniversary of the grant date of the award subject to the Reporting Person's continued service through such date. The number of shares vested will be determined based on the Issuer's total stockholder return ("TSR") relative to the TSRs of the companies in the Russell 2000 index for the three year-period beginning January 1, 2024, as well as certain interim measurements based on relative TSR for the one-year and two-year periods beginning on January 1, 2024. 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
2024-01-04