Magnite (MGNI) director sells 48,986 shares under 10b5-1 plan
Rhea-AI Filing Summary
MAGNITE, INC. (MGNI) director Sarah Patricia Harden reported two open-market sales of common stock under a Rule 10b5-1 trading plan adopted on May 27, 2026. She sold 18,436 shares on August 28, 2026 at $24.00 per share and 30,550 shares on August 26, 2026 at a weighted average price of $23.31 per share, with the latter sale executed in multiple trades at prices ranging from $23.09 to $23.52 per share.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 48,986 shares
Net Sell
2 txns
Insider
Harden Sarah Patricia
Role
Director
Sold
48,986 shs ($1.15M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 18,436 | $24.00 | $442K |
| Sale | Common Stock F1, F2 | 30,550 | $23.31 | $712K |
Holdings After Transaction:
Common Stock — 114,751 shares (Direct)
Footnotes (2)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.09 to $23.52, 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
Shares sold on 2026-08-28: 18,436 shares of Common Stock
Shares sold on 2026-08-26: 30,550 shares of Common Stock
Total shares sold: 48,986 shares of Common Stock
+3 more
6 metrics
Shares sold on 2026-08-28
18,436 shares of Common Stock
Open-market sale by director at $24.00 per share
Shares sold on 2026-08-26
30,550 shares of Common Stock
Open-market sale by director at weighted average $23.31 per share
Total shares sold
48,986 shares of Common Stock
Sum of reported sales in this Form 4
Price per share on 2026-08-28
$24.00 per share
Single-price sale of 18,436 shares
Weighted average price on 2026-08-26
$23.31 per share
Multiple trades between $23.09 and $23.52 per share
Price range on 2026-08-26
$23.09–$23.52 per share
Range of prices for the 30,550-share sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"The 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
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
"Sale in open market or private transaction"
FAQ
What insider transactions did MGNI director Sarah Patricia Harden report?
She reported two open-market sales of MAGNITE, INC. common stock, totaling 48,986 shares, executed on August 26 and 28, 2026, at prices around the mid–$20 range.
What were the details of Sarah Patricia Harden’s August 26, 2026 sale of MGNI stock?
On August 26, 2026, she sold 30,550 shares of MAGNITE, INC. common stock at a weighted average price of $23.31 per share, in multiple trades priced between $23.09 and $23.52 per share.
Were Sarah Patricia Harden’s MGNI stock sales under a Rule 10b5-1 plan?
Yes. The filing states the reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Sarah Patricia Harden on May 27, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.