Magnite (MGNI) executive sells 19,233 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Magnite, Inc. officer Sean Patrick Buckley reported an open-market sale of 19,233 shares of Common Stock at $19.00 per share. After this transaction, he directly holds 373,514 shares, indicating he retains a substantial equity position. The filing notes the sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 10, 2025, suggesting the trade was scheduled in advance rather than timed opportunistically.
Positive
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Negative
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Insights
Routine planned insider sale with significant remaining holdings.
Officer Sean Patrick Buckley conducted an open-market sale of 19,233 shares of Magnite, Inc. Common Stock at $19.00 per share. Following the transaction, he continues to hold 373,514 shares, which indicates an ongoing, sizable ownership stake.
The sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 10, 2025. Such plans are typically set up in advance to systematically sell shares over time, which can reduce the informational value of the trade's specific timing for investors.
Given the remaining ownership and the planned nature of the transaction, this filing generally appears as a routine liquidity event rather than a major shift in insider sentiment. Future company filings may provide additional context on any broader pattern of insider trading activity.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,233 | $19.00 | $365K |
Footnotes (1)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 10, 2025.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
open-market sale financial
Common Stock financial
Form 4 regulatory
FAQ
What did Magnite (MGNI) officer Sean Patrick Buckley do in this Form 4?
Was the Magnite (MGNI) insider sale made under a Rule 10b5-1 trading plan?
Does the Form 4 show any option exercises or derivative transactions for Magnite (MGNI)?
Is this Magnite (MGNI) insider transaction a buy or a sell?
AI-generated analysis. How Rhea-AI works. Not financial advice.