A Magnite director executed a pre-planned stock sale under Rule 10b5-1, reducing holdings amid strong financial performance.
Magnite Inc. (NASDAQ:MGNI) director Douglas S. Knopper sold 37,337 shares on August 6 at $22.72 per share, totaling approximately $848,000. The transaction was conducted under a Rule 10b5-1 trading plan established in December 2025, designed to avoid conflicts of interest.
Following the sale, Knopper retains 88,473 shares, representing a 0.06% insider stake. Magnite, with a $3.5 billion market capitalization, reported trailing-twelve-month revenue of $742.0 million and net income of $166.9 million as of August 6. The company has delivered an 8% one-year total return.
The sale occurs as Magnite continues to expand its digital advertising marketplace, serving publishers across connected TV, mobile, and web platforms.