[Form 4] Magnite, Inc. Insider Trading Activity
Magnite, Inc. director and CEO Michael G. Barrett reported a non-discretionary sale of 35,951 shares of common stock on 08/18/2025 at a price of $23.85 per share. The filing states the shares were sold to satisfy the reporting person’s tax withholding obligations arising from the settlement of vested Restricted Stock Units; the sale was mandated by the issuer’s sell-to-cover election and not a discretionary trade. After the transaction, the reporting person beneficially owned 249,857 shares, held directly. The Form 4 was signed by an attorney-in-fact on 08/20/2025.
Michael G. Barrett, direttore e CEO di Magnite, Inc., ha comunicato una vendita non discrezionale di 35.951 azioni ordinarie in data 08/18/2025 al prezzo di $23,85 per azione. La comunicazione precisa che le azioni sono state vendute per soddisfare gli obblighi fiscali derivanti dalla liquidazione di Restricted Stock Units maturate; la vendita è stata eseguita in base all’opzione di sell-to-cover dell’emittente e non si è trattato di un’operazione discrezionale. Dopo la transazione, la persona segnalante deteneva direttamente beneficiariamente 249.857 azioni. Il Modulo 4 è stato firmato da un procuratore il 08/20/2025.
Michael G. Barrett, director y CEO de Magnite, Inc., informó la venta no discrecional de 35.951 acciones ordinarias el 08/18/2025 a $23,85 por acción. El informe indica que las acciones se vendieron para cubrir las retenciones fiscales derivadas del pago de Restricted Stock Units adquiridas; la venta fue obligatoria por la elección de sell-to-cover del emisor y no una operación discrecional. Tras la transacción, la persona informante poseía de forma beneficiaria directa 249.857 acciones. El Formulario 4 fue firmado por un apoderado el 08/20/2025.
Magnite, Inc.의 이사 겸 CEO인 Michael G. Barrett는 2025년 08/18에 보통주 35,951주를 주당 $23.85에 비재량적(non-discretionary)으로 매도했다고 보고했습니다. 보고서에 따르면 해당 주식들은 기성 Restricted Stock Units 결제로 인한 세금 원천징수 의무를 충족하기 위해 매도되었으며, 발행사의 sell-to-cover 선택에 따른 의무적 매도로서 임의 거래가 아니었다고 합니다. 거래 후 보고인은 직접적으로 혜택을 받는 249,857주를 보유하고 있었습니다. Form 4는 2025년 08/20에 대리인(변호사 대리)에 의해 서명되었습니다.
Michael G. Barrett, administrateur et PDG de Magnite, Inc., a déclaré une cession non discrétionnaire de 35 951 actions ordinaires le 08/18/2025 au prix de 23,85 $ par action. Le dépôt précise que les actions ont été vendues pour couvrir les obligations fiscales du déclarant liées au règlement de Restricted Stock Units acquises ; la vente a été imposée par l’option sell-to-cover de l’émetteur et n’était pas une opération discrétionnaire. Après la transaction, le déclarant bénéficiait directement de 249 857 actions. Le formulaire 4 a été signé par un mandataire le 08/20/2025.
Michael G. Barrett, Direktor und CEO von Magnite, Inc., meldete am 08/18/2025 einen nicht-discretionären Verkauf von 35.951 Stammaktien zu einem Preis von $23,85 je Aktie. In der Meldung heißt es, die Aktien seien verkauft worden, um die steuerlichen Abzugsverpflichtungen des Meldepflichtigen aus der Abrechnung bereits vested Restricted Stock Units zu erfüllen; der Verkauf erfolgte aufgrund der vom Emittenten gewählten sell-to-cover-Option und war kein freigestalteter Handel. Nach der Transaktion hielt die meldepflichtige Person 249.857 Aktien als direkte wirtschaftliche Eigentümerin. Das Formular 4 wurde am 08/20/2025 von einem Bevollmächtigten unterzeichnet.
- Transparent disclosure of an insider sale and reason for the transaction (tax withholding from vested RSUs).
- Compliance with Section 16 reporting, including signature by attorney-in-fact and explanation of sale.
- Insider retains material ownership: 249,857 shares beneficially owned after the transaction.
- Insider share count reduced by 35,951 shares due to the sale at $23.85 per share.
Insights
TL;DR: A routine sell-to-cover of vested RSUs by the CEO; not an active disposition of conviction.
The Form 4 documents the sale of 35,951 shares at $23.85 to satisfy tax withholding on vested restricted stock units. This is a common administrative transaction that reduces share count held by the insider but is explicitly described as mandated by the company’s withholding procedure, indicating no deliberate liquidity-driven selling decision by the CEO. The remaining direct beneficial ownership is 249,857 shares.
TL;DR: Compliance-focused disclosure showing required sell-to-cover; supports governance transparency.
The Form 4 provides clear disclosure of an insider sale tied to tax withholding on vested RSUs and includes an explanation that the sale was not discretionary. This filing meets Section 16 reporting obligations and demonstrates adherence to the issuer’s withholding policy. No indicators of unusual trading patterns or undisclosed arrangements are present in the document.
Michael G. Barrett, direttore e CEO di Magnite, Inc., ha comunicato una vendita non discrezionale di 35.951 azioni ordinarie in data 08/18/2025 al prezzo di $23,85 per azione. La comunicazione precisa che le azioni sono state vendute per soddisfare gli obblighi fiscali derivanti dalla liquidazione di Restricted Stock Units maturate; la vendita è stata eseguita in base all’opzione di sell-to-cover dell’emittente e non si è trattato di un’operazione discrezionale. Dopo la transazione, la persona segnalante deteneva direttamente beneficiariamente 249.857 azioni. Il Modulo 4 è stato firmato da un procuratore il 08/20/2025.
Michael G. Barrett, director y CEO de Magnite, Inc., informó la venta no discrecional de 35.951 acciones ordinarias el 08/18/2025 a $23,85 por acción. El informe indica que las acciones se vendieron para cubrir las retenciones fiscales derivadas del pago de Restricted Stock Units adquiridas; la venta fue obligatoria por la elección de sell-to-cover del emisor y no una operación discrecional. Tras la transacción, la persona informante poseía de forma beneficiaria directa 249.857 acciones. El Formulario 4 fue firmado por un apoderado el 08/20/2025.
Magnite, Inc.의 이사 겸 CEO인 Michael G. Barrett는 2025년 08/18에 보통주 35,951주를 주당 $23.85에 비재량적(non-discretionary)으로 매도했다고 보고했습니다. 보고서에 따르면 해당 주식들은 기성 Restricted Stock Units 결제로 인한 세금 원천징수 의무를 충족하기 위해 매도되었으며, 발행사의 sell-to-cover 선택에 따른 의무적 매도로서 임의 거래가 아니었다고 합니다. 거래 후 보고인은 직접적으로 혜택을 받는 249,857주를 보유하고 있었습니다. Form 4는 2025년 08/20에 대리인(변호사 대리)에 의해 서명되었습니다.
Michael G. Barrett, administrateur et PDG de Magnite, Inc., a déclaré une cession non discrétionnaire de 35 951 actions ordinaires le 08/18/2025 au prix de 23,85 $ par action. Le dépôt précise que les actions ont été vendues pour couvrir les obligations fiscales du déclarant liées au règlement de Restricted Stock Units acquises ; la vente a été imposée par l’option sell-to-cover de l’émetteur et n’était pas une opération discrétionnaire. Après la transaction, le déclarant bénéficiait directement de 249 857 actions. Le formulaire 4 a été signé par un mandataire le 08/20/2025.
Michael G. Barrett, Direktor und CEO von Magnite, Inc., meldete am 08/18/2025 einen nicht-discretionären Verkauf von 35.951 Stammaktien zu einem Preis von $23,85 je Aktie. In der Meldung heißt es, die Aktien seien verkauft worden, um die steuerlichen Abzugsverpflichtungen des Meldepflichtigen aus der Abrechnung bereits vested Restricted Stock Units zu erfüllen; der Verkauf erfolgte aufgrund der vom Emittenten gewählten sell-to-cover-Option und war kein freigestalteter Handel. Nach der Transaktion hielt die meldepflichtige Person 249.857 Aktien als direkte wirtschaftliche Eigentümerin. Das Formular 4 wurde am 08/20/2025 von einem Bevollmächtigten unterzeichnet.
FAQ
What transaction did MGNI insider Michael G. Barrett report on Form 4?
Why were the shares sold according to the Form 4 for MGNI?
How many MGNI shares does Michael G. Barrett beneficially own after the reported sale?
Was the sale by the MGNI reporting person discretionary?
When was the Form 4 signed for the reported MGNI transaction?
