[144] MAGNITE, INC. SEC Filing
Insider sale notice for Magnite, Inc. (MGNI). This Form 144 reports a proposed sale of 7,500 common shares to be executed through Morgan Stanley Smith Barney LLC on 09/19/2025 with an aggregate market value of $179,100. The shares were acquired as restricted stock units on 06/01/2018. The filing notes 142,399,305 shares outstanding for the class. The filer discloses multiple prior 10b5-1 plan sales in the past three months totaling 27,500 shares and gross proceeds shown for each trade. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.
- Full disclosure of sale details including broker, number of shares, planned sale date, and aggregate market value
- History of prior 10b5-1 sales is provided, showing a documented trading plan and transparency
- Insider is selling shares, which some investors may view negatively despite small size relative to outstanding shares
Insights
TL;DR: Routine insider sale filing showing small-volume RSU sale and several recent 10b5-1 trades; not material to company capitalization.
The Form 144 documents a proposed sale of 7,500 common shares via Morgan Stanley under Rule 144, with the securities originally issued as restricted stock units on 06/01/2018. The filing also lists five prior 10b5-1 plan sales in the prior three months totaling 27,500 shares and shows gross proceeds for each transaction. Relative to the reported 142.4 million shares outstanding, these transactions represent an immaterial fraction of outstanding equity, suggesting limited direct impact on market capitalization or control. Disclosure appears complete for the sale particulars presented.
TL;DR: Compliance details and 10b5-1 history are provided; representation about no undisclosed material information is included.
The filing includes broker information, acquisition type (RSUs), acquisition and proposed sale dates, and a standard signature-attestation regarding undisclosed material adverse information. Multiple prior 10b5-1 sales are itemized with dates and proceeds, supporting a pattern of planned dispositions. From a regulatory perspective, the notice meets Rule 144 disclosure elements shown; there is no indication within this document of noncompliance or procedural irregularity.