A Magnite insider sold 20,000 shares at $24.00 under a pre-set plan, retaining 496,840 shares valued at $12.08 million.
Magnite Inc. (NASDAQ:MGNI) President of Product and Operations Katie Seitz Evans sold 20,000 shares on August 6 via a cashless exercise, generating $12 million at a weighted average price of $24.00. The transaction was executed under a Rule 10b5-1 plan established on August 28, 2025, pre-determining the sale parameters nearly a year in advance.
The sale involved options with a $5.16 strike price, exercised and sold immediately at $24.00, resulting in a net cash inflow without upfront capital. Despite the sale, the insider retains 496,840 shares, valued at $12.08 million as of the August 6 market close, representing 0.35% of Magnite’s total shares outstanding.
The stock’s one-year return stood at 8% as of the transaction date, though the sale was part of a long-term liquidity strategy rather than a reaction to recent performance.