Magnite CEO Barrett (NASDAQ: MGNI) exercises options, then sells 293,968 shares
Rhea-AI Filing Summary
Magnite, Inc. CEO Michael G. Barrett exercised stock options covering 293,968 shares of common stock at an exercise price of $5.80 per share and sold the same number of shares at $22.72 per share on August 6, 2026. The options were granted as compensation, were fully vested and immediately exercisable, and were due to expire on March 17, 2027. The exercise and subsequent sale were carried out under a Rule 10b5-1 trading plan adopted on March 13, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 293,968 shares ($4.97M approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
BARRETT MICHAEL G.
Role
CEO
Sold
293,968 shs ($6.68M)
Approx. gross sale proceeds
$6.68M
Approx. exercise cost
$1.71M
Approx. pre-tax spread
$4.97M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) F1, F3, F2 | 293,968 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 293,968 | $5.80 | $1.71M |
| Sale | Common Stock F1 | 293,968 | $22.72 | $6.68M |
Holdings After Transaction:
Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 403,074 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 March 13, 2026.
- F2. The stock options have fully vested and are immediately exercisable.
- F3. Granted as compensation for services.
Key Figures
Options exercised: 293,968 shares
Exercise price: $5.80 per share
Shares sold: 293,968 shares
+3 more
6 metrics
Options exercised
293,968 shares
Stock options converted into common stock on August 6, 2026
Exercise price
$5.80 per share
Exercise price of stock options exercised by CEO Michael G. Barrett
Shares sold
293,968 shares
Common shares sold on August 6, 2026 following option exercise
Sale price
$22.72 per share
Sale price for Magnite common stock sold by Michael G. Barrett
Option expiration date
March 17, 2027
Expiration date of the stock options that were exercised
Trading plan adoption date
March 13, 2026
Date the Rule 10b5-1 trading plan governing these trades was adopted
Key Terms
Rule 10b5-1 trading plan, Stock Option (right to buy, Exercise or conversion of 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.
Stock Option (right to buy financial
"security_title: Stock Option (right to buy) reported as derivative"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transaction did Magnite (MGNI) disclose for its CEO?
Magnite disclosed that CEO Michael G. Barrett exercised stock options for 293,968 shares at $5.80 per share and sold the same number of common shares at $22.72 per share on August 6, 2026, as part of a pre-arranged Rule 10b5-1 trading plan.
At what price did the Magnite (MGNI) CEO exercise his stock options?
The CEO exercised stock options at an exercise price of $5.80 per share for 293,968 shares of Magnite common stock. These options were fully vested, granted as compensation, and were immediately exercisable before being converted and the shares sold.
Were the Magnite (MGNI) CEO’s option exercise and sale under a Rule 10b5-1 plan?
Yes. The exercise and subsequent sale by Michael G. Barrett were conducted under a Rule 10b5-1 trading plan adopted on March 13, 2026. This indicates the transactions followed a pre-established schedule rather than discretionary timing.
What was the origin and status of the options Magnite (MGNI) CEO exercised?
The stock options exercised by the CEO were granted as compensation for services and were fully vested and immediately exercisable. They related to 293,968 underlying shares of common stock and were scheduled to expire on March 17, 2027 before being fully exercised.