Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. ...

Magnite Financial Highlights Qù ù÷ù÷ August ø÷, ù÷ù÷ CONFIDENTIAL | © MAGNITE Safe Harbor FORWARD-LOOKING STATEMENTS This presentation and management's prepared remarks during the conference call and management's answers to questions during the conference call may include, forward-looking statements, including statements based upon or relating to our expectations, assumptions, estimates, and projections. In some cases, you can identify forward-looking statements by terms such as "may," "might," "will," "obj ...

Magnite, Inc. (NASDAQ:MGNI) Q2 2020 Earnings Conference Call August 10, 2020 4:30 PM ET Company Participants Nick Kormeluk ??? Head of Investor Relations Michael Barrett ??? Chief Executive Officer David Day ??? Chief Financial Officer Tom Kershaw ??? Chief Technology Officer Conference Call Participants Lee Krowl ??? B. Riley FBR Jason Kreyer ??? Craig-Hallum Matt Thornton ??? Truist Securities Chris Sakai ??? Singular Research Operator Good afternoon, and welcome to the Magnite Second Quarter 2020 Earning ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ MAGNITE, INC. (Exac ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ THE RUBICON PROJEC ...

Part I [Business](index=6&type=section&id=Item%201.%20Business) The company provides a technology platform for programmatic advertising and is pursuing growth through a merger with Telaria - The company provides a technology solution to automate the purchase and sale of digital advertising inventory for buyers and sellers[20](index=20&type=chunk) - Revenue is generated via a **take rate** on advertising spend, which was **14.0% in 2019**[25](index=25&type=chunk)[57](index=57&type=chunk) - A stock-for-stock merger with Telaria, Inc was announced to create a leading sell-side platform focused on **Connected TV (CTV)**[31](index=31&type=chunk)[32](index=32&type=chunk) - Strategic focus on high-growth areas saw **mobile revenue grow 34%** to $88 million and **video revenue grow 43%** to $29 million in 2019[36](index=36&type=chunk)[259](index=259&type=chunk) - The business is subject to evolving data privacy regulations like **GDPR and CCPA**, which became effective in January 2020[73](index=73&type=chunk)[76](index=76&type=chunk)[78](index=78&type=chunk) [Risk Factors](index=16&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant risks from its Telaria merger, competitive pressures, and evolving privacy regulations - Significant risks exist regarding the **proposed merger with Telaria**, including potential integration failure and not achieving expected benefits[85](index=85&type=chunk)[88](index=88&type=chunk) - The shift to a **higher-volume, lower-cost business model** may not succeed without a substantial increase in transaction volume[102](index=102&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) - The digital advertising market is **intensely competitive**, dominated by large companies like Google, Facebook, and Amazon[131](index=131&type=chunk)[132](index=132&type=chunk) - Evolving **privacy laws (GDPR, CCPA)** and ad-blocking tools could diminish the value of the company's advertising solutions[135](index=135&type=chunk)[137](index=137&type=chunk)[143](index=143&type=chunk) - The business is vulnerable to the loss of major buyers, as **two buyers indirectly accounted for 37% of 2019 revenue**[169](index=169&type=chunk)[171](index=171&type=chunk) [Properties](index=42&type=section&id=Item%202.%20Properties) The company leases its corporate headquarters in Los Angeles and other key office and data center locations globally - Corporate headquarters are in a **47,000 square foot leased space** in Los Angeles, with the lease expiring in 2021[240](index=240&type=chunk) - The company leases other key offices, including a **15,000 square foot space in New York**, and data centers globally[240](index=240&type=chunk) [Legal Proceedings](index=42&type=section&id=Item%203.%20Legal%20Proceedings) The company faces a stockholder complaint challenging the proposed merger with Telaria, which it deems without merit - A complaint was filed by a Telaria stockholder challenging the proposed merger, alleging **violations of the Exchange Act**[243](index=243&type=chunk) - The company believes the **claims in the merger-related complaint are without merit**[243](index=243&type=chunk) Part II [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=44&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity%2C%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on the NYSE under "RUBI," and it does not currently pay dividends or have a repurchase plan - The company's common stock trades on the **NYSE under the symbol "RUBI"**[246](index=246&type=chunk) - The company has **never paid dividends** and does not anticipate doing so, partly due to credit facility restrictions[248](index=248&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=45&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Fiscal 2019 saw a 25% revenue increase to $156.4M and a return to positive Adjusted EBITDA, driven by higher ad spend and take rates **Key Financial Performance (2019 vs. 2018)** | Metric | 2019 | 2018 | Change | | :--- | :--- | :--- | :--- | | **Revenue** | $156.4M | $124.7M | +25% | | **Advertising Spend** | $1,117.3M | $992.1M | +13% | | **Net Loss** | ($25.5M) | ($61.8M) | +59% | | **Adjusted EBITDA** | $25.7M | ($11.2M) | Favorable | | **Take Rate** | 14.0% | 12.6% | +140 bps | - Revenue growth was driven by increased ad spend and a **higher take rate** resulting from seller pricing improvements[256](index=256&type=chunk) - The company is focused on **Supply Path Optimization (SPO)** to consolidate buyer spending and drive ad spend growth[257](index=257&type=chunk) - **Cash from operations was $32.0 million** in 2019, a significant improvement from a $22.7 million use of cash in 2018[317](index=317&type=chunk)[319](index=319&type=chunk) [Financial Statements and Supplementary Data](index=65&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the company's audited consolidated financial statements and accompanying notes for fiscal years 2019 and 2018 **Consolidated Statement of Operations Highlights (in thousands)** | Line Item | 2019 | 2018 | | :--- | :--- | :--- | | **Revenue** | $156,414 | $124,685 | | **Total Expenses** | $183,997 | $188,293 | | **Loss from Operations** | ($27,583) | ($63,608) | | **Net Loss** | ($25,478) | ($61,822) | | **Net Loss Per Share** | ($0.48) | ($1.23) | **Consolidated Balance Sheet Highlights (in thousands)** | Line Item | Dec 31, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | **Cash and cash equivalents** | $88,888 | $80,452 | | **Total Current Assets** | $313,050 | $300,541 | | **Total Assets** | $395,120 | $360,012 | | **Total Current Liabilities** | $267,499 | $240,982 | | **Total Liabilities** | $283,184 | $241,999 | | **Total Stockholders' Equity** | $111,936 | $118,013 | **Consolidated Statement of Cash Flows Highlights (in thousands)** | Line Item | 2019 | 2018 | | :--- | :--- | :--- | | **Net cash provided by (used in) operating activities** | $31,983 | ($22,686) | | **Net cash provided by (used in) investing activities** | ($23,388) | $27,947 | | **Net cash used in financing activities** | ($205) | ($1,279) | | **Change in cash, cash equivalents and restricted cash** | $8,436 | $3,810 | [Controls and Procedures](index=104&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls, procedures, and internal controls were effective as of year-end 2019 - The CEO and CFO concluded that the company's **disclosure controls and procedures were effective** as of December 31, 2019[518](index=518&type=chunk) - Management concluded that **internal control over financial reporting was effective** based on the COSO framework[521](index=521&type=chunk) Part III [Directors, Executive Officers and Corporate Governance](index=106&type=section&id=Item%2010.%20Directors%2C%20Executive%20Officers%20and%20Corporate%20Governance) This section details the company's board of directors, executive officers, and corporate governance framework - The board of directors consists of **seven members**, including Chairman Frank Addante and CEO Michael G. Barrett[526](index=526&type=chunk)[527](index=527&type=chunk) - The executive team includes the **CEO, CFO, and CTO**, along with other key leaders in legal, revenue, and accounting[538](index=538&type=chunk) - The board has determined that **five of its seven directors are independent** under SEC and NYSE rules[681](index=681&type=chunk) [Executive Compensation](index=111&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation includes salary, cash incentives, and equity, with 2019 incentive payouts at 118.3% of target - For 2019, there were **no changes to base salaries or target cash incentive opportunities** for named executive officers (NEOs)[559](index=559&type=chunk) - The 2019 annual cash incentive payout was **118.3% of target**, based on revenue and adjusted EBITDA less capex goals[581](index=581&type=chunk)[584](index=584&type=chunk) **2019 Named Executive Officer Compensation** | Name | Position | Salary ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive ($) | Total ($) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Michael Barrett | President and CEO | 515,000 | 1,799,000 | 883,827 | 609,503 | 3,813,065 | | David Day | Chief Financial Officer | 400,000 | 924,960 | 454,019 | 307,710 | 2,115,229 | | Thomas Kershaw | Chief Technology Officer | 425,000 | 1,028,280 | 504,779 | 325,463 | 2,289,257 | - The company maintains **executive officer equity ownership guidelines**, requiring the CEO to hold 5x base salary in equity[599](index=599&type=chunk)[600](index=600&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=118&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) BlackRock, Inc is the largest institutional shareholder (6.3%), while directors and officers as a group own 8.1% - As of February 23, 2020, **BlackRock, Inc was the only beneficial owner of more than 5%**, holding 6.3% of common stock[671](index=671&type=chunk)[673](index=673&type=chunk) - All current executive officers and directors as a group beneficially owned **8.1% of the outstanding common stock**[673](index=673&type=chunk) - As of December 31, 2019, **5,672,260 securities remained available for future issuance** under equity compensation plans[661](index=661&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=122&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions%2C%20and%20Director%20Independence) The company had no related person transactions in 2019 and confirms that a majority of its board members are independent - The company has a formal policy for the audit committee to review and approve **related person transactions exceeding $100,000**[678](index=678&type=chunk) - **No transactions requiring disclosure** under this policy have occurred since January 1, 2019[676](index=676&type=chunk) - The Board of Directors has determined that **a majority of its members are independent directors**[681](index=681&type=chunk) [Principal Accountant Fees and Services](index=123&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) This section details fees paid to the principal accountant, Deloitte & Touche LLP, which were pre-approved by the audit committee **Accountant Fees (2019 vs. 2018)** | Firm | Fee Category | 2019 | 2018 | | :--- | :--- | :--- | :--- | | **Deloitte & Touche LLP** | Audit Fees | $932,775 | $812,516 | | | Audit-Related Fees | $325,289 | $0 | | | **Total** | **$1,261,854** | **$816,306** | | **PwC** | Audit Fees | $0 | $292,200 | | | Audit-Related Fees | $0 | $44,000 | | | **Total** | **$0** | **$340,743** | - The audit committee has policies for **pre-approving all audit and non-audit services**, and all 2019 and 2018 services were pre-approved[687](index=687&type=chunk)[691](index=691&type=chunk) Part IV [Exhibits, Financial Statement Schedules](index=125&type=section&id=Item%2015.%20Exhibits%2C%20Financial%20Statement%20Schedules) This section lists all documents filed with the Form 10-K, including the Telaria merger agreement and other material contracts - This section contains the **index of all exhibits** filed with the 10-K, including material contracts and corporate governance documents[694](index=694&type=chunk) - Key exhibits include the **Agreement and Plan of Merger with Telaria, Inc**, equity plans, and loan agreements[694](index=694&type=chunk)[695](index=695&type=chunk)

[Part I. FINANCIAL INFORMATION](index=4&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) This section provides the unaudited condensed consolidated financial statements and management's analysis of financial performance and condition [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Unaudited financial statements reflect revenue growth, reduced net loss, positive operating cash flow, ASC 842 adoption, and the $11 million RTK.io acquisition [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheets detail the company's financial position, including assets, liabilities, and equity, reflecting the impact of ASC 842 adoption Balance Sheet Items (in thousands) | Balance Sheet Items | Sep 30, 2019 (in thousands) | Dec 31, 2018 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $263,179 | $300,541 | | Cash and cash equivalents | $85,122 | $80,452 | | Accounts receivable, net | $172,284 | $205,683 | | **Total Assets** | **$335,321** | **$360,012** | | **Total Current Liabilities** | $214,524 | $240,982 | | Accounts payable and accrued expenses | $207,033 | $239,678 | | **Total Liabilities** | **$231,198** | **$241,999** | | **Total Stockholders' Equity** | **$104,123** | **$118,013** | - The adoption of ASC 842 on January 1, 2019, resulted in the recognition of a Right-of-use lease asset of **$22.7 million** and corresponding lease liabilities (current and non-current) totaling **$23.5 million** as of September 30, 2019[10](index=10&type=chunk)[29](index=29&type=chunk) [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The statements detail revenue, expenses, and net loss, indicating significant improvements in operational efficiency and profitability Metric (in thousands, except EPS) | Metric (in thousands, except EPS) | Q3 2019 | Q3 2018 | 9 Months 2019 | 9 Months 2018 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $37,642 | $29,729 | $107,928 | $83,253 | | **Loss from operations** | $(6,681) | $(14,266) | $(28,569) | $(61,125) | | **Net loss** | $(6,174) | $(13,792) | $(27,001) | $(59,592) | | **Net loss per share (Basic & Diluted)** | $(0.12) | $(0.27) | $(0.52) | $(1.19) | - Revenue grew **27%** for the third quarter and **30%** for the nine months ended September 30, 2019, compared to the same periods in 2018, with net loss significantly narrowing in both periods, demonstrating improved operational efficiency[12](index=12&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The statements present cash flows from operating, investing, and financing activities, highlighting a positive shift in operating cash flow Cash Flow Activity (in thousands) | Cash Flow Activity (in thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | **Net cash provided by (used in) operating activities** | $9,808 | $(22,552) | | **Net cash (used in) provided by investing activities** | $(4,105) | $28,844 | | **Net cash used in financing activities** | $(841) | $(470) | | **Change in cash, cash equivalents and restricted cash** | $4,670 | $5,712 | - Cash flow from operations showed a significant positive swing to **$9.8 million** provided by activities for the first nine months of 2019, compared to **$22.6 million** used in the same period of 2018, primarily driven by a lower net loss and changes in working capital[19](index=19&type=chunk)[148](index=148&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes provide additional details on the company's business, revenue segmentation, subsequent events, and credit facilities - The company provides a technology platform to automate the purchase and sale of digital advertising inventory, operating in a rapidly changing industry and facing risks from demands for lower costs and increased competition, leading to continued net operating losses[22](index=22&type=chunk)[23](index=23&type=chunk) Revenue by Channel (Q3 2019) | Revenue by Channel (Q3 2019) | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | Desktop | $15,936 | 42% | | Mobile | $21,706 | 58% | | **Total** | **$37,642** | **100%** | Revenue by Geography (Q3 2019) | Revenue by Geography (Q3 2019) | Amount (in thousands) | | :--- | :--- | | United States | $26,378 | | International | $11,264 | | **Total** | **$37,642** | - On October 21, 2019, the Company acquired RTK.io, a provider of header bidding solutions, for cash consideration of **$11 million**, intended to extend the Demand Manager product portfolio and client base[78](index=78&type=chunk) - The company has a senior secured revolving credit facility of up to **$40.0 million** with Silicon Valley Bank, maturing in September 2020, with no amounts outstanding and compliance with all financial covenants as of September 30, 2019[72](index=72&type=chunk)[75](index=75&type=chunk)[77](index=77&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=23&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses revenue growth, strategic focus on mobile and header bidding, controlled expenses, and sufficient liquidity [Industry Trends and Trends in Our Business](index=25&type=section&id=Industry%20Trends%20and%20Trends%20in%20Our%20Business) This section discusses the company's strategic focus on mobile, video, and header bidding, and its susceptibility to emerging privacy regulations - The company is capitalizing on industry growth in mobile and video advertising, with mobile revenue growing **41%** for the first nine months of 2019 versus the prior year period, significantly outpacing the **18%** growth in desktop revenue[92](index=92&type=chunk) - Header bidding has become a core part of the business, now representing over **80%** of revenue, with the company evolving its solutions from client-side to server-side to improve performance[97](index=97&type=chunk) - In May 2019, the company introduced the beta version of Demand Manager, a service to help sellers easily deploy and optimize Prebid-based header bidding solutions, further enhanced by the October 2019 acquisition of RTK.io[98](index=98&type=chunk) - The company believes it is well-positioned to benefit from Supply Path Optimization (SPO), a trend where buyers consolidate their spending with fewer, more efficient vendors, due to its transparency, buyer tools, and brand safety measures[100](index=100&type=chunk) - The business is susceptible to emerging privacy regulations like GDPR and CCPA, which create uncertainty and could negatively impact revenue until compliance practices are standardized[106](index=106&type=chunk)[107](index=107&type=chunk)[108](index=108&type=chunk) [Results of Operations](index=29&type=section&id=Results%20of%20Operations) This section analyzes revenue growth, cost of revenue efficiency, and expense control, while anticipating slower Q4 revenue growth - Q3 2019 revenue increased **27%** year-over-year to **$7.9 million**, and nine-month revenue increased **30%** year-over-year to **$24.7 million**, driven by increased advertising spend and higher take rates, with most take rate increases occurring in 2018[123](index=123&type=chunk) - Cost of revenue decreased **6%** in Q3 2019 year-over-year, reflecting a continued focus on infrastructure serving efficiency, with expectations for this cost to be lower in absolute dollars for the full year 2019 compared to 2018[125](index=125&type=chunk)[126](index=126&type=chunk) - General and administrative expenses decreased **12%** for the nine months ended September 30, 2019, compared to the prior year, primarily due to cost control initiatives from 2018 that reduced personnel and professional services fees[132](index=132&type=chunk) - The company expects year-over-year revenue growth in Q4 2019 to be lower than in the first nine months, as growth will be driven primarily by ad spend increases rather than take rate improvements, which have stabilized[124](index=124&type=chunk) [Liquidity and Capital Resources](index=33&type=section&id=Liquidity%20and%20Capital%20Resources) This section assesses the company's cash position, credit facility, and ability to meet working capital needs, noting credit facility renewal considerations - Principal sources of liquidity are cash and cash equivalents of **$85.1 million** (as of September 30, 2019) and a **$40.0 million** revolving credit facility with SVB, which was undrawn[138](index=138&type=chunk)[139](index=139&type=chunk) - Management believes existing cash and investment balances are sufficient to meet working capital requirements for at least the next twelve months[141](index=141&type=chunk) - The company's credit facility matures in September 2020, and renewal may be challenging if a path to consistent positive cash flow is not demonstrated[142](index=142&type=chunk) Cash Flow Summary (in thousands) | Cash Flow Summary (in thousands) | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Cash from Operating Activities | $9,808 | $(22,552) | | Cash from Investing Activities | $(4,105) | $28,844 | | Cash from Financing Activities | $(841) | $(470) | [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company, as a smaller reporting company, is not required to provide the information for this item - This item is not required for smaller reporting companies[167](index=167&type=chunk) [Item 4. Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2019, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that as of September 30, 2019, the company's disclosure controls and procedures were effective at the reasonable assurance level[168](index=168&type=chunk) - No changes in internal control over financial reporting occurred during the third quarter of 2019 that have materially affected, or are reasonably likely to materially affect, internal controls[169](index=169&type=chunk) [Part II. OTHER INFORMATION](index=37&type=section&id=Part%20II.%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, equity sales, and exhibits, providing additional context to the financial statements [Legal Proceedings](index=37&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings, but management anticipates no material adverse effect on its financial condition or results - The company states that while it is party to various legal proceedings, it does not expect the outcomes to have a material adverse effect on its financial condition or results[171](index=171&type=chunk) [Risk Factors](index=37&type=section&id=Item%201A.%20Risk%20Factors) There are no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for 2018 - There are no material changes to the Risk Factors from the company's Annual Report on Form 10-K for the year ended December 31, 2018[172](index=172&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=38&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered equity sales or publicly announced stock repurchase programs, confirming IPO proceeds were used as described - There were no unregistered sales of securities in the period[174](index=174&type=chunk) - The company does not have a publicly announced stock repurchase program, and there were no shares withheld to cover taxes on vested employee stock awards accounted for as repurchases in Q3 2019[176](index=176&type=chunk)[177](index=177&type=chunk) [Exhibits](index=38&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including corporate governance documents, officer certifications, and XBRL data files

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ THE RUBICON PROJECT ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-Q __________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-36384 __________________ THE RUBICON PROJEC ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________ FORM 10-K __________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 12181 Bluff Creek Drive, 4th Floor Los Angeles, CA 90094 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: For the fiscal year ended December 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...