Magnite director plans $476K company stock sale
Rhea-AI Filing Summary
MAGNITE, INC. (MGNI) director Paul Caine filed a notice of proposed sale under Rule 144 for up to 20,000 shares of common stock through Morgan Stanley Smith Barney LLC. The shares were acquired upon vesting of restricted stock units between June 1, 2016 and June 1, 2018, and prior 10b5-1 plan sales over the past three months are also listed.
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Key Figures
Planned Rule 144 sale: 20,000 shares of common stock
Aggregate market value of planned sale: $475,600
Sale on September 10, 2026: 5,000 shares for $117,643
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6 metrics
Planned Rule 144 sale
20,000 shares of common stock
Maximum shares to be sold for Paul Caine’s account
Aggregate market value of planned sale
$475,600
Value associated with the 20,000 shares to be sold
Sale on September 10, 2026
5,000 shares for $117,643
10b5-1 sale of Magnite common stock disclosed for past 3 months
Sale on August 14, 2026
7,500 shares for $187,500
10b5-1 sale of Magnite common stock disclosed for past 3 months
Sale on August 10, 2026
5,000 shares for $121,740
10b5-1 sale of Magnite common stock disclosed for past 3 months
Sale on July 10, 2026
5,000 shares for $103,185
10b5-1 sale of Magnite common stock disclosed for past 3 months
Key Terms
Rule 144, restricted stock units, 10b5-1
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"The securities to be sold were acquired upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for PAUL CAINE 1250 Broadway, 9th Floor New York NY 10001"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Is Paul Caine a director or officer of MAGNITE, INC. (MGNI)?
Yes. The notice identifies Paul Caine as a Director of MAGNITE, INC., and the Form 144 relates to sales of the company’s common stock for his account.
AI-generated analysis. How Rhea-AI works. Not financial advice.