Magnite (MGNI) Insider Files Rule 144 to Sell 8,345 Shares on NASDAQ
Rhea-AI Filing Summary
Form 144 notice for Magnite, Inc. (MGNI): This filing reports a proposed sale of 8,345 common shares valued at $216,970.00, to be sold on 08/25/2025 on NASDAQ through Morgan Stanley Smith Barney LLC. The shares were acquired as restricted stock from the issuer on 04/01/2021. The filer previously sold common shares this year: 10,487 shares on 08/18/2025 for $250,149.56, 24,495 shares on 06/30/2025 for $571,164.00, 20,000 shares on 06/16/2025 for $370,000.00, and 35,000 shares on 06/05/2025 for $607,695.50. The filer certifies no undisclosed material adverse information.
Positive
- Compliant disclosure of proposed sale under Rule 144 with broker and trade date specified
- Acquisition origin provided: shares were restricted stock issued by the company on 04/01/2021
- Prior sales listed with gross proceeds, offering transparency on recent insider dispositions
Negative
- Insider liquidity events: multiple sizable share sales in 2025 (totaling 89,982 shares) which may be interpreted by some investors as increased insider selling
Insights
TL;DR: Executive insider sales continue with scheduled sale of 8,345 restricted shares; multiple recent disposals occurred in 2025.
The Form 144 discloses a planned sale of 8,345 common shares of MGNI by an insider, executed through a major brokerage on NASDAQ. The securities were originally issued as restricted stock on 04/01/2021. The filing also summarizes four recent sales in 2025 totaling 89,982 shares and gross proceeds of $1,799,009.06. For investors, these disclosures document insider liquidity events and the mechanism (Rule 144) being used to effect compliant public sales.
TL;DR: Routine Rule 144 disclosure of insider sales; filings include prior transactions and a representation about material non-public information.
The notice follows required Rule 144 procedures by stating acquisition details (restricted stock from issuer) and planned broker-assisted sale. The filing includes the mandatory attestation that the seller is not aware of undisclosed material adverse information. No information here indicates corporate governance changes or regulatory concerns; it is a standard insider sale disclosure.