Magnite director sells 10,000 shares at $13.33
MAGNITE, INC. director Robert F. Spillane reported an open-market sale of 10,000 shares of common stock on May 19, 2026 at a weighted average price of $13.33 per share.
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Form Type
4
Rhea-AI Filing Summary
MAGNITE, INC. director Robert F. Spillane reported an open-market sale of 10,000 shares of common stock on May 19, 2026 at a weighted average price of $13.33 per share. After this transaction, he directly owns 43,917 common shares.
The filing notes that the shares were sold in multiple trades at prices ranging from $13.32 to $13.355 per share, with full trade-by-trade details available upon request to the company, its security holders, or the SEC staff.
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
Spillane Robert F
Role
Director
Sold
10,000 shs ($133K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $13.33 | $133K |
Holdings After Transaction:
Common Stock — 43,917 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.32 to $13.355, 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.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $13.33 per share
Post-transaction holdings: 43,917 shares
+2 more
5 metrics
Shares sold
10,000 shares
Open-market sale on May 19, 2026
Weighted average sale price
$13.33 per share
Common stock sale
Post-transaction holdings
43,917 shares
Direct ownership after sale
Sale price range low
$13.32 per share
Lowest price within sale range
Sale price range high
$13.355 per share
Highest price within sale range
Key Terms
open-market sale, weighted average price, Form 4, Common Stock
4 terms
open-market sale financial
"The transaction was an open-market sale of MAGNITE common stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Form 4 regulatory
"was reported on a Form 4 insider filing with the Securities"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"shares of MAGNITE common stock in an open-market transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MAGNITE (MGNI) disclose for Robert F. Spillane?
MAGNITE disclosed that director Robert F. Spillane sold 10,000 shares of common stock in an open-market transaction. The sale occurred on May 19, 2026, and was reported on a Form 4 insider filing with the Securities and Exchange Commission.
What type of insider transaction was reported for MAGNITE (MGNI) on May 19, 2026?
The transaction was an open-market sale of MAGNITE common stock by director Robert F. Spillane. The Form 4 identifies the code “S,” meaning a sale in the open market or a private transaction, rather than an option exercise, gift, or tax withholding event.
Does the MAGNITE (MGNI) Form 4 mention multiple trade prices for the sale?
Yes. The Form 4 notes that the 10,000 shares were sold in multiple trades, with prices ranging from $13.32 to $13.355. It also states that detailed trade-by-trade price information will be provided upon request to the issuer, its security holders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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