A Magnite executive sold 67,179 shares at $24.49 under a Rule 10b5-1 plan, retaining a multi-million-dollar stake in the company.
A Magnite, Inc. (NASDAQ:MGNI) executive sold $28 million worth of shares on August 6, executing a pre-planned transaction at an average price of $24.49. The sale followed a derivative exercise where fully vested options at $13.90 were liquidated, realizing a spread of $10.59 per share.
The company reported trailing twelve-month revenue of $742.0 million and net income of $166.9 million as of August 6. Magnite’s stock has delivered an 8% return over the past year, closing at $24.32 on the transaction date. The sale was non-discretionary, part of a Rule 10b5-1 trading plan established on September 10, 2025.
After the sale, the insider retains direct ownership of 315,805 shares and holds 57,405 derivative securities, maintaining significant equity exposure in Magnite.