Magnite, Inc. (MGNI) executive exercises 20,000 options, sells matching shares
Rhea-AI Filing Summary
Magnite, Inc. executive Katie Seitz Evans, President, Product & Operations, exercised employee stock options for 20,000 shares of common stock at an exercise price of $5.1600 per share on August 6, 2026, then sold 20,000 shares at $24.0000 per share. The options were fully vested, granted as compensation, and the exercise and sale were made under a Rule 10b5-1 trading plan adopted on August 28, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,000 shares ($377K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
Evans Katie Seitz
Role
See Remarks
Sold
20,000 shs ($480K)
Approx. gross sale proceeds
$480K
Approx. exercise cost
$103K
Approx. pre-tax spread
$377K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) F1, F3, F2 | 20,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 20,000 | $5.16 | $103K |
| Sale | Common Stock F1 | 20,000 | $24.00 | $480K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 496,840 shares (Direct)
Footnotes (3)
- F1. This exercise and subsequent sale were made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025.
- F2. The stock options have fully vested and are immediately exercisable.
- F3. Granted as compensation for services.
Key Figures
Options exercised: 20,000 shares
Option exercise price: $5.1600 per share
Common shares acquired: 20,000 shares
+4 more
7 metrics
Options exercised
20,000 shares
Employee Stock Option (Right to Buy) exercised on August 6, 2026
Option exercise price
$5.1600 per share
Exercise price of employee stock option
Common shares acquired
20,000 shares
Common stock received from option exercise on August 6, 2026
Common shares sold
20,000 shares
Common stock sold on August 6, 2026
Sale price
$24.0000 per share
Price per share for Magnite common stock sale
Option expiration date
February 27, 2029
Expiration date of the exercised employee stock options
10b5-1 plan adoption date
August 28, 2025
Adoption date of Rule 10b5-1 trading plan covering these transactions
Key Terms
Rule 10b5-1 trading plan, Employee Stock Option (Right to Buy), derivative security
3 terms
Rule 10b5-1 trading plan regulatory
"This exercise and subsequent sale were made 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.
Employee Stock Option (Right to Buy) financial
"security_title: Employee Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Magnite (MGNI) executive Katie Seitz Evans report?
Katie Seitz Evans reported exercising employee stock options for 20,000 shares of Magnite common stock at $5.1600 per share and selling 20,000 shares of common stock at $24.0000 per share, all on August 6, 2026, in a single exercise-and-sell sequence.
Were Katie Seitz Evans’s Magnite (MGNI) trades under a Rule 10b5-1 trading plan?
Yes. The reported option exercise and share sale were conducted under a Rule 10b5-1 trading plan adopted by Katie Seitz Evans on August 28, 2025. This plan-based structure means the transactions followed a pre-established schedule rather than ad hoc trading decisions.
What is the status of the Magnite (MGNI) stock options involved in this Form 4?
The stock options involved were fully vested and immediately exercisable and were granted as compensation for services. After the reported exercise of 20,000 options, this particular option award shows 0 derivative shares remaining in the post-transaction holdings line.
What role does Katie Seitz Evans hold at Magnite (MGNI)?
Katie Seitz Evans is an officer of Magnite, serving as President, Product & Operations. Her reported transactions involve company equity received as compensation, including the exercised employee stock options and subsequent sale of Magnite common stock on August 6, 2026.