[144] Magnite, Inc. SEC Filing
Insider sale notice for Magnite, Inc. (MGNI). The filing shows a proposed sale of 20,000 common shares through Morgan Stanley Smith Barney with an aggregate market value of $511,214, scheduled approximately on 09/08/2025 on NASDAQ. The filer reports acquiring 14,853 shares on 02/15/2025 and 5,147 shares on 08/15/2025 via restricted stock vesting as compensation. During the past three months the same person sold 10,886 shares on 08/18/2025 for $259,667.02 and 9,315 shares on 08/19/2025 for $218,152.18. The signer certifies they are not aware of any undisclosed material adverse information about the issuer.
- Full Rule 144 disclosure provided including broker, share counts, acquisition dates, and past three months' sales, supporting regulatory transparency
- Shares acquired via restricted stock vesting indicate these sales derive from compensation-related grants rather than undisclosed transfers
- Insider has made multiple recent dispositions (10,886 and 9,315 shares in August plus the proposed 20,000), which may attract investor attention
- Filing does not cite a trading plan adoption date or 10b5-1 instruction, so timing may be interpreted as ad hoc rather than pre-planned
Insights
TL;DR: Routine insider sale disclosure; transaction size is small relative to company equity and follows recent disposals.
The filing documents a planned sale of 20,000 shares valued at $511,214 via a broker on NASDAQ and notes two recent sales in August totaling 20,201 shares for roughly $477,819. Acquisition records show the shares being sold were granted as restricted stock vesting in February and August 2025 and were paid as compensation. From an investor perspective this is a standard Rule 144 notice that provides transparency about insider liquidity but, by itself, offers no disclosure of material nonpublic information.
TL;DR: Proper Rule 144 notice filed, indicating compliance with insider-sale reporting requirements.
The form identifies the broker, number of shares, estimated market value, and acquisition details, and includes the required representation regarding material nonpublic information. The filing does not state any trading plan adoption date or 10b5-1 instruction. This is a compliance-focused disclosure and does not report any governance actions or executive changes.