MGNI Rule 144 Notice — 6,265 Shares Proposed Sale; Recent Sales $1.26M
Rhea-AI Filing Summary
Form 144 notice for Magnite, Inc. (MGNI) reporting a proposed sale of 6,265 common shares with an aggregate market value of $148,480.50, scheduled approximately for 08/18/2025. The shares were acquired as restricted stock units on 08/15/2025 and paid via equity compensation. The filer also disclosed four sales in the past three months totaling 63,552 shares for gross proceeds of $1,260,065.06 (sales on 06/04/2025, 06/16/2025, 06/30/2025 and 08/14/2025). The notice includes the standard signer representation that no undisclosed material adverse information is known by the seller.
Positive
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Insights
TL;DR: Insider proposes to sell 6,265 RSU shares and has sold 63,552 shares recently, totaling $1.26M in proceeds.
This Form 144 shows a scheduled Rule 144 sale of newly vested restricted stock units (acquired 08/15/2025) and documents recent insider liquidations aggregating 63,552 shares for $1,260,065.06. The filing is procedural and complies with Rule 144 disclosure requirements; it does not include commentary on company results or material nonpublic information. For investors, the filing confirms insider selling activity and the timing of a proposed sale, but contains no financial performance metrics or new corporate events.
TL;DR: Routine Rule 144 disclosure of vested RSUs being sold and prior insider sales; no governance exceptions noted.
The notice identifies the nature of acquisition as equity compensation and shows multiple dispositions in the past three months. From a governance perspective, the document satisfies the disclosure mechanics required when insiders sell under Rule 144 and includes the statutory representation about material nonpublic information. The filing does not indicate adoption of a 10b5-1 plan or other trading plan within the notice text.