Form 4: Magnite Director James Rossman Sells Shares Under 10b5-1 Trading Plan

James Rossman, a director at Magnite, Inc., sold 149,936 shares of common stock at a price of $19.46 per share on February 7, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 7, 2025, James Rossman, a director of Magnite, Inc., sold 149,936 shares of the company's common stock.
• The sale was executed at a price of $19.46 per share.
• Following the transaction, Rossman directly owns 219,920 shares of Magnite's common stock.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on March 8, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Magnite, MGNI, Rossman, Director, Share Sale, 10b5-1 Trading Plan, Beneficial Ownership