Magnite president sells 13,997 shares at $24
Magnite’s President, Product & Operations reported a Rule 10b5-1 planned sale of 13,997 shares at $24.00, leaving her with 441,800 shares.
Rhea-AI Filing Summary
MAGNITE, INC. (MGNI) executive Katie Seitz Evans, President, Product & Operations, reported selling 13,997 shares of common stock on September 11, 2026 at $24.00 per share in an open-market or private transaction. After this sale, she directly holds 441,800 shares of Magnite common stock. The transaction was effected under a Rule 10b5-1 trading plan adopted on June 8, 2026.
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Insider Trade Summary 10b5-1
Net Seller: 13,997 shares
Net Sell
1 txn
Insider
Evans Katie Seitz
Role
See Remarks
Sold
13,997 shs ($336K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 13,997 | $24.00 | $336K |
Holdings After Transaction:
Common Stock — 441,800 shares (Direct)
Footnotes (1)
- F1. The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2026.
Key Figures
Shares sold: 13,997 shares
Sale price per share: $24.00 per share
Shares held after transaction: 441,800 shares
+2 more
5 metrics
Shares sold
13,997 shares
Common stock sale reported for September 11, 2026
Sale price per share
$24.00 per share
Price for the 13,997 shares of common stock sold
Shares held after transaction
441,800 shares
Direct holdings of common stock by Katie Seitz Evans after the sale
Rule 10b5-1 plan adoption date
June 8, 2026
Date the trading plan governing this sale was adopted
Transactions reported as sales
1 transaction
Form 4 transaction summary for this filing
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, beneficial ownership
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.
open market or private transaction market
"Sale in open market or private transaction"
beneficial ownership regulatory
"adopted by the Reporting Person on June 8, 2026"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MGNI report for Katie Seitz Evans?
MAGNITE, INC. reported that Katie Seitz Evans sold 13,997 shares of common stock on September 11, 2026 in a sale characterized as an open-market or private transaction at a price of $24.00 per share.
Was the MGNI insider sale by Katie Seitz Evans under a Rule 10b5-1 trading plan?
Yes. A footnote states that the reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Katie Seitz Evans on June 8, 2026, and the plan status checkbox is marked accordingly.
What role does the reporting person hold at MGNI?
The reporting person, Katie Seitz Evans, is identified in the filing as an officer of MAGNITE, INC., with the remarks specifying her position as President, Product & Operations.
AI-generated analysis. How Rhea-AI works. Not financial advice.