Magnite, Inc. (MGNI) executive sells 67,179 shares under 10b5-1 plan
Rhea-AI Filing Summary
MAGNITE, INC. executive Sean Patrick Buckley, President, Revenue & Market Strategy, exercised 28,703 stock options at $13.90 per share on August 6, 2026, acquiring the same number of common shares, then sold 67,179 shares at prices from $23.00 to $25.09. Following the exercise, 57,405 stock options remain outstanding and are fully vested and immediately exercisable. All reported transactions were effected under a Rule 10b5-1 trading plan adopted on September 10, 2025.
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Buckley Sean Patrick
Role
See Remarks
Sold
67,179 shs ($1.65M)
Approx. gross sale proceeds
$1.65M
Approx. exercise cost
$399K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3, F2 | 28,703 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 28,703 | $13.90 | $399K |
| Sale | Common Stock F1 | 47,942 | $25.09 | $1.20M |
| Sale | Common Stock F1 | 19,237 | $23.00 | $442K |
Holdings After Transaction:
Stock Option (right to buy) — 57,405 shares (Direct);
Common Stock — 315,805 shares (Direct)
Footnotes (3)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 10, 2025.
- F2. The stock options have fully vested and are immediately exercisable.
- F3. Granted as compensation for services.
Key Figures
Options exercised: 28,703 shares
Exercise price: $13.90 per share
Shares sold (tranche 1): 47,942 shares at $25.09
+4 more
7 metrics
Options exercised
28,703 shares
Stock options exercised on 2026-08-06 at $13.90 per share, converting into common stock
Exercise price
$13.90 per share
Exercise price for 28,703 stock options exercised on 2026-08-06
Shares sold (tranche 1)
47,942 shares at $25.09
Common stock sale on 2026-08-06
Shares sold (tranche 2)
19,237 shares at $23.00
Second common stock sale on 2026-08-06
Total shares sold
67,179 shares
Aggregate common shares sold across two sales on 2026-08-06
Remaining stock options
57,405 shares
Stock options remaining after exercise; fully vested and immediately exercisable, expiring 2032-02-01
Rule 10b5-1 plan adoption date
September 10, 2025
Date Buckley adopted the trading plan governing these transactions
Key Terms
Rule 10b5-1 trading plan, Stock Option (right to buy), Exercise or conversion of derivative security
3 terms
Rule 10b5-1 trading plan regulatory
"reported transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy) with 28,703 underlying shares"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Magnite (MGNI) executive Sean Patrick Buckley report?
Sean Patrick Buckley reported exercising 28,703 stock options at $13.90 per share and selling 67,179 common shares on August 6, 2026. The trades were made pursuant to a Rule 10b5-1 trading plan adopted on September 10, 2025.
What stock options did Buckley exercise in this Magnite (MGNI) Form 4?
He exercised 28,703 stock options with an exercise price of $13.90 per share, converting them into an equal number of Magnite common shares. These options are described as fully vested and immediately exercisable and have an expiration date of February 1, 2032.
Does this Magnite (MGNI) Form 4 involve a Rule 10b5-1 trading plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by Sean Patrick Buckley on September 10, 2025. The document’s 10b5-1 checkbox is also marked to affirm plan-based trading.
How many stock options does Buckley still hold after these Magnite (MGNI) transactions?
After exercising 28,703 options, Buckley is reported as holding 57,405 stock options on the same grant. These remaining options are fully vested and immediately exercisable and carry an expiration date of February 1, 2032.