Michael G.
Barrett, Chief Executive Officer of Magnite, Inc. (NASDAQ:MGNI), sold 38,596 shares of common stock on July 15, 2026, at $20.35 per share, according to the SEC Form 4 filing
Transaction summary Transaction value based on SEC Form 4 weighted average sale price ($20.35); post-transaction value based on July 15, 2026 market close ($20.49). Key questions – What was the nature of this disposition? The transaction was structured as an exercise and sell, where 38,596 stock options, with a strike price of $5.80, were converted to common stock and liquidated in multiple transactions at prices ranging from $20.165 to $20.56. – How does this impact the CEO’s long-term exposure to the company?
Following this disposition, Michael Barrett retains direct ownership of 403,074 shares and continues to hold 293,968 derivative securities, including vested stock options, ensuring significant continued alignment with shareholders. – To what extent was this sale discretionary? The sale was executed according to a Rule 10b5-1 trading plan established on March 13, 2026, which removes immediate seller discretion over timing and price to comply with insider trading regulations. – What is the recent performance context for Magnite shares? As of the July 15, 2026 transaction date, Magnite had delivered a one-year total return of -13%, while the company maintained a market capitalization of $2.7 billion.