Magnite (MGNI) Form 144 Filed for 9,315 Restricted Shares
Rhea-AI Filing Summary
Form 144 notice for Magnite, Inc. (MGNI) shows a proposed sale of 9,315 restricted common shares acquired from the issuer on 08/15/2025. The filing lists Morgan Stanley Smith Barney as the broker and estimates the aggregate market value at $218,152.19. Magnite's outstanding shares are reported as 142,399,305, so the proposed sale represents a small fraction of the total equity. The filer also disclosed a recent sale on 08/18/2025 of 10,886 shares yielding $259,667.02. The notice includes the standard representation that the seller is unaware of undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider plans to sell a modest block of restricted shares shortly after acquisition; disclosed via Form 144 through Morgan Stanley Smith Barney.
The filing documents a proposed sale of 9,315 restricted shares acquired from the issuer on 08/15/2025, with an estimated market value of $218,152.19 and execution via Morgan Stanley Smith Barney. Given Magnite's reported 142,399,305 shares outstanding, the position is immaterial to overall capitalization. The filing also reports a separate sale of 10,886 shares on 08/18/2025 for $259,667.02. This is a routine disclosure under Rule 144 and indicates secondary-market liquidity for the insider's holdings rather than a company operational update.
TL;DR: Compliance-focused disclosure of restricted-share sale; no governance red flags visible from this notice alone.
The notice states the shares were restricted stock issued by the company on 08/15/2025 and that sales will be executed through a registered broker. The filer affirms absence of undisclosed material adverse information. There is no indication of unusual timing, unusual volume relative to outstanding shares, or related-party complexities in the provided text. From a governance perspective, this filing fulfills Rule 144 reporting requirements.