Magnite director sells 5,000 shares at $23.53
MAGNITE director Paul Caine sold 5,000 shares under a pre-arranged Rule 10b5-1 trading plan and now directly holds 144,901 shares.
Rhea-AI Filing Summary
MAGNITE, INC. (MGNI) director Paul Caine reported selling 5,000 shares of common stock on September 10, 2026 in an open-market transaction at a weighted average price of $23.53 per share, under a Rule 10b5-1 trading plan adopted on August 20, 2025. After this sale, he directly holds 144,901 shares of MAGNITE common stock. The shares were sold in multiple trades at prices between $23.22 and $23.63 per share.
Positive
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Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Caine Paul
Role
Director
Sold
5,000 shs ($118K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 5,000 | $23.53 | $118K |
Holdings After Transaction:
Common Stock — 144,901 shares (Direct)
Footnotes (2)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 20, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.22 to $23.63, 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: $23.53 per share
Sale price range: $23.22–$23.63 per share
+2 more
5 metrics
Shares sold
5,000 shares
Common stock sale reported for September 10, 2026
Weighted average sale price
$23.53 per share
Average price for 5,000 shares sold on September 10, 2026
Sale price range
$23.22–$23.63 per share
Range of prices for multiple transactions making up the 5,000-share sale
Shares owned after transaction
144,901 shares
Direct holdings of Paul Caine after the September 10, 2026 sale
Rule 10b5-1 plan adoption date
August 20, 2025
Date the trading plan governing this sale was adopted
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
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 or private transaction financial
"Sale in open market or private transaction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MAGNITE (MGNI) director Paul Caine report?
Paul Caine reported the sale of 5,000 shares of MAGNITE common stock on September 10, 2026. The transaction was a sale in the open market or a private transaction as described in the Form 4.
Was the MAGNITE (MGNI) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Paul Caine on August 20, 2025, indicating it was pre-arranged under that plan.
How many MAGNITE (MGNI) insider transactions are reported in this Form 4?
The Form 4 reports one non-derivative transaction: a sale of 5,000 shares of common stock. There are no derivative transactions or gifts reported in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.