Magnite (MGNI) Form 144 Notice — 3,217 RSU Shares Planned Sale
Rhea-AI Filing Summary
Magnite, Inc. (MGNI) filed a Form 144 reporting a proposed sale of common stock tied to recent equity compensation. The notice reports 3,217 shares acquired as Restricted Stock Units on 08/15/2025, with an aggregate market value of $76,242.90. The proposed sale is to be handled by Morgan Stanley Smith Barney on the NASDAQ, with an approximate sale date of 08/18/2025. The filing states there were 142,399,305 shares outstanding, and no other sales by the reporting person in the past three months were reported. The filer certifies no undisclosed material adverse information is known.
Positive
- Disclosure complies with Rule 144 providing broker, acquisition, and planned sale details
- Transaction size is modest (3,217 shares, $76,242.90) relative to 142,399,305 shares outstanding
- No sales in the past three months were reported for the selling person
Negative
- None.
Insights
Routine insider sale notice for equity compensation; size is small relative to the company's outstanding shares.
The Form 144 documents a proposed sale of 3,217 shares acquired via Restricted Stock Units and scheduled for sale within days of grant. The transaction appears procedural—disposition of equity compensation through a broker—and the aggregate value (~$76k) is modest versus the reported 142.4 million shares outstanding. For most investors this is unlikely to be materially value-changing, but it does increase available shares temporarily if executed.
Disclosure complies with Rule 144 notice requirements; filer makes required representations.
The filing provides the broker, acquisition date, nature of acquisition (Restricted Stock Unit), and planned sale date, meeting the procedural elements of Rule 144 notice. The signature/remarks section includes the standard representation about no undisclosed material adverse information and warns against false statements. There are no reported sales in the prior three months, which simplifies aggregation rules for this notice.