[144] Magnite, Inc. SEC Filing
Form 144 filed for Magnite, Inc. (MGNI) discloses a proposed sale of 2,950 restricted common shares acquired from the issuer on 08/15/2024. The seller lists a broker as Morgan Stanley Smith Barney LLC and values the proposed sale at $74,841.50 with an approximate sale date of 09/03/2025 on NASDAQ. The filing also reports recent sales by the same person: 7,834 shares sold on 08/18/2025 for $186,866.75 and 9,289 shares sold on 06/30/2025 for $204,358.00. The filing shows 142,399,305 shares outstanding and includes the seller's declaration regarding absence of undisclosed material information.
- None.
- Proposed insider sale: 2,950 restricted common shares valued at $74,841.50 scheduled for sale 09/03/2025.
- Recent insider dispositions: 9,289 shares sold 06/30/2025 for $204,358.00 and 7,834 shares sold 08/18/2025 for $186,866.75.
Insights
TL;DR: Insider plans to sell 2,950 restricted shares and has completed two recent sales, disclosed under Rule 144.
The filing documents a Rule 144 notice for 2,950 restricted common shares acquired 08/15/2024 from the issuer and scheduled for sale on 09/03/2025 through Morgan Stanley Smith Barney LLC. The insider previously sold 9,289 and 7,834 shares in the past three months, generating $204,358.00 and $186,866.75 respectively. With 142,399,305 shares outstanding, the newly proposed sale represents a de minimis fraction of outstanding shares but is material to monitor for timing and cumulative insider disposition patterns.
TL;DR: Disclosure complies with Rule 144 formalities; signer affirms no undisclosed material information.
The Form 144 provides the required broker, acquisition date, nature of acquisition (restricted stock), and recent sale history by the same person. It includes the standard attestation that the signer is unaware of any undisclosed material adverse information. The filing shows the acquisitions originated from the issuer on 08/15/2024 and payment was made the same day, consistent with restricted grant documentation. Documentation appears procedural and fulfills public disclosure obligations for an intended sale.