[144] Magnite, Inc. SEC Filing
Rhea-AI Filing Summary
Magnite, Inc. (MGNI) Form 144: This notice reports a proposed sale of 8,510 shares of common stock held as restricted stock units acquired on 08/15/2025. The shares are to be sold through Morgan Stanley Smith Barney LLC on 08/18/2025 on NASDAQ with an aggregate market value of $201,687.00. The filing shows 142,399,305 shares outstanding for the class.
The filer discloses three prior sales by the same person during the past three months: 9,289 shares on 06/30/2025 (gross proceeds $204,358.00), 8,742 shares on 05/27/2025 (gross proceeds $139,872.00), and 3,653 shares on 05/23/2025 (gross proceeds $54,904.59). The acquisition was via equity compensation (restricted stock unit) and payment was recorded on 08/15/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale notice showing RSU-derived shares to be sold via broker; prior sales in recent months are disclosed.
The Form 144 is procedural and meets Rule 144 notice requirements by identifying the broker, number of shares, acquisition source (restricted stock unit), intended sale date, and aggregate value. The filing also transparently lists three recent dispositions by the same individual with gross proceeds, which is important for aggregation and compliance with resale rules. There is no indication in this notice of undisclosed material information about the issuer.
TL;DR: Small insider liquidity actions disclosed; transaction size is minor relative to total shares outstanding.
The proposed sale of 8,510 shares for $201,687 and recent aggregate dispositions (~21,684 shares across three transactions) are factual and allow investors to track insider selling. Given the reported shares outstanding (142,399,305), these amounts represent a very small portion of the float and appear unlikely to materially affect company valuation by themselves. The origin of the shares as RSUs and the use of a major broker are standard for executive compensation realizations.