Magnite (MGNI) CTO sells 7,649 shares via Rule 10b5-1 trading plan
Rhea-AI Filing Summary
MAGNITE, INC. Chief Technology Officer David Buonasera reported selling 7,649 shares of common stock on August 6, 2026 in three open-market transactions under a Rule 10b5-1 trading plan adopted on September 11, 2025. Sale prices ranged from $22.72 to $25.00 per share.
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Insider Trade Summary 10b5-1
Net Seller: 7,649 shares
Net Sell
3 txns
Insider
Buonasera David
Role
CHIEF TECHNOLOGY OFFICER
Sold
7,649 shs ($179K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,176 | $22.81 | $95K |
| Sale | Common Stock F1 | 2,602 | $24.00 | $62K |
| Sale | Common Stock F1 | 871 | $25.00 | $22K |
Holdings After Transaction:
Common Stock — 260,836 shares (Direct)
Footnotes (2)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 11, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.72 to $23.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
Key Figures
Total shares sold: 7,649 shares
Shares sold at $22.81 weighted average: 4,176 shares
Shares sold at $24.00: 2,602 shares
+2 more
5 metrics
Total shares sold
7,649 shares
Common stock sold by CTO David Buonasera on August 6, 2026
Shares sold at $22.81 weighted average
4,176 shares
Open-market sale at weighted average price $22.81 per share
Shares sold at $24.00
2,602 shares
Open-market sale at $24.00 per share
Shares sold at $25.00
871 shares
Open-market sale at $25.00 per share
Price range for weighted average sale
$22.72–$23.00
Range of prices for trades included in the $22.81 weighted average sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan financial
"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted..."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price. These shares were sold..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction financial
"Transaction code description: Sale in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MAGNITE (MGNI) report in this Form 4 filing?
MAGNITE reported that CTO David Buonasera sold 7,649 shares of common stock on August 6, 2026 in three open-market transactions executed under a Rule 10b5-1 trading plan adopted on September 11, 2025.
Was the MAGNITE (MGNI) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by David Buonasera on September 11, 2025. The plan governed the August 6, 2026 open-market sales reported here.