Form 4: Magnite Director Sells 12,500 Shares in Recent Transaction

Magnite director Robert F. Spillane sold 12,500 shares of common stock at an average price of $16.12 on November 20, 2024.

Summary

• Robert F. Spillane, a director at Magnite, Inc., sold 12,500 shares of common stock on November 20, 2024.
• The sale was executed at a weighted average price of $16.12 per share.
• The shares were sold in multiple transactions with prices ranging from $16.11 to $16.14.
• Following the transaction, Spillane directly owns 70,651 shares of Magnite common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no positive or negative implications for the company's performance.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transaction is within the normal range of insider trading activity and does not appear to be unusual compared to similar filings from other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by a director.

Key Dates

Keywords

Magnite, MGNI, stock sale, insider trading, director, Robert F. Spillane, share transaction