Magnite (MGNI) director Paul Caine sells 5,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Magnite, Inc. director Paul Caine reported an open-market sale of 5,000 shares of common stock on July 10, 2026 at a weighted average price of $20.64 per share, with individual trades between $20.31 and $21.25. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 20, 2025, and Caine now directly owns 162,401 shares of Magnite common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($103,200)
Net Sell
1 txn
Insider
Caine Paul
Role
Director
Sold
5,000 shs ($103K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $20.64 | $103K |
Holdings After Transaction:
Common Stock — 162,401 shares (Direct)
Footnotes (1)
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.31 to $21.25, 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: 5,000 shares
Weighted average sale price: $20.64 per share
Sale price range low: $20.31 per share
+2 more
5 metrics
Shares sold
5,000 shares
Common stock sold in open-market transaction on July 10, 2026
Weighted average sale price
$20.64 per share
Average price for 5,000 shares sold on July 10, 2026
Sale price range low
$20.31 per share
Lowest price among multiple transactions in the reported sale
Sale price range high
$21.25 per share
Highest price among multiple transactions in the reported sale
Shares owned after transaction
162,401 shares
Direct ownership of Magnite common stock following the sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale
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 sale financial
"transaction_action: open-market sale of 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.
FAQ
What insider transaction did Magnite (MGNI) director Paul Caine report?
Director Paul Caine reported selling 5,000 shares of Magnite common stock in an open-market transaction on July 10, 2026 at a $20.64 weighted average price, with trades occurring between $20.31 and $21.25 per share.
Was Paul Caine’s Magnite (MGNI) stock sale made under a Rule 10b5-1 plan?
Yes. The transaction was executed under a Rule 10b5-1 trading plan adopted by Paul Caine on August 20, 2025, indicating the sale was pre-scheduled rather than a discretionary, opportunistic trade based on contemporaneous market conditions.
What type of transaction did Magnite (MGNI) director Paul Caine execute?
Paul Caine executed an open-market sale of 5,000 shares of Magnite common stock on July 10, 2026. The sale is categorized as a non-derivative transaction and is reported with code “S” for a sale in open market or private transaction.