Form 4: Magnite CEO Sells Shares
Insider Transaction (Form 4)
Michael G. Barrett, CEO and a Director of Magnite, Inc., sold 38,596 shares of common stock on July 15, 2026 for $20.35 per share.
Summary
- Option exercise/conversion: acquired 38,596 Common Stock at $5.80 ($223,857) on July 15, 2026; holds 441,670 after (Direct).
- Open-market sale: disposed of 38,596 Common Stock at $20.35 ($785,429) on July 15, 2026; holds 403,074 after (Direct).
- Option exercise/conversion: disposed of 38,596 Employee Stock Option (Right to Buy) on July 15, 2026; holds 293,968 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $785,429 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Michael G. Barrett — Director, Officer (CEO)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-07-15 | Option exercise/conversion | Common Stock | 38,596 | $6 | $223.9K | 441,670 |
| 2026-07-15 | Open-market sale | Common Stock | 38,596 | $20 | $785.4K | 403,074 |
| 2026-07-15 | Option exercise/conversion | Employee Stock Option (Right to Buy) | 38,596 | — | — | 293,968 |
Key Dates
| Date | Description |
|---|---|
| 2026-07-15 | Option exercise/conversion (38,596 shares) |
| 2026-07-15 | Open-market sale (38,596 shares) |
| 2026-07-15 | Option exercise/conversion (38,596 shares) |
Keywords
insider transaction, Form 4, MGNI, MAGNITE, INC., bearish, Michael G. Barrett
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