MGNI (NASDAQ) insider Adam Soroca reports sale lines totaling multiple May 2026 trades
Rhea-AI Filing Summary
Recipient notice of proposed resale under Rule 144 for MGNI securities. The excerpt lists restricted common stock vesting under a registered plan dated 01/15/2020 and shows three proposed sales by Adam L. Soroca: 42,756 shares on 05/28/2026, 18,225 shares on 05/27/2026, and 18,451 shares on 05/18/2026, with corresponding dollar amounts provided.
The filing names the broker/dealer as Morgan Stanley Smith Barney LLC and identifies the securities as common stock. The excerpt is a notice of intended resale rather than a corporate action; timing and proceeds treatment follow the listed transaction lines.
Positive
- None.
Negative
- None.
Insights
Rule 144 resale notice showing multiple planned dispositions by an insider/affiliate.
The excerpt lists restricted stock vesting under a registered plan (01/15/2020) and three proposed dispositions by Adam L. Soroca with per‑trade share counts and dollar values. Broker/dealer is named as Morgan Stanley Smith Barney LLC.
These entries are administrative notices of resale under Rule 144; cash‑flow treatment and whether sales were executed are implied by the transaction rows but not otherwise detailed in the excerpt.
Document lists planned Rule 144 sales tied to vested restricted shares.
The filing identifies the underlying event as "Restricted stock vesting under a registered plan" and shows transaction dates and amounts for each disposition. The presence of a broker/dealer is consistent with typical agency execution.
Regulatory implications are procedural: the notice documents intended resale under Rule 144; any legal or tax consequences depend on facts outside this excerpt.