[144] MAGNITE, INC. SEC Filing
Form 144 notice for Magnite, Inc. (MGNI) reports a proposed sale of 8,522 common shares held by Aaron Saltz to be effected on 09/19/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The shares were acquired as restricted stock from the issuer on 02/15/2023. The filing lists the aggregate market value of the proposed sale as $208,789.00 and notes 142,399,305 shares outstanding for the class. The notice also discloses recent open-market sales by the same person during the past three months on multiple dates with individual gross proceeds shown. The filing includes the standard Rule 144 certification that the seller is not aware of any undisclosed material adverse information.
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Insights
TL;DR: Routine Rule 144 insider sale of restricted shares; disclosure is compliant and provides recent sale history.
The filing documents a planned sale of 8,522 restricted common shares by an insider via a broker on NASDAQ, showing acquisition date and type (restricted stock) and listing outstanding shares and aggregate market value. The inclusion of multiple recent sales in the past three months increases transparency on the insider's liquidity actions. This is a standard disclosure under Rule 144 and does not by itself indicate company-level financial change.
TL;DR: Insiders exercising liquidity through disclosed Rule 144 sales; governance process appears to be followed.
The notice confirms the seller represents no undisclosed material adverse information and records broker details and dates consistent with compliance practices. While repeated insider sales are visible, the filing supplies the required information for market participants to assess timing and scale relative to outstanding shares. No governance or compliance exceptions are evident in the document itself.