Form 4: Magnite Executive Sells Shares
Insider Transaction (Form 4)
Katie Seitz Evans, See Remarks of Magnite, Inc., sold 20,000 shares of common stock on August 6, 2026 for $24.00 per share.
Summary
- Option exercise/conversion: acquired 20,000 Common Stock at $5.16 ($103,200) on August 6, 2026; holds 516,840 after (Direct).
- Open-market sale: disposed of 20,000 Common Stock at $24.00 ($480,000) on August 6, 2026; holds 496,840 after (Direct).
- Option exercise/conversion: disposed of 20,000 Employee Stock Option (Right to Buy) on August 6, 2026 (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $480,000 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Katie Seitz Evans — Officer (See Remarks)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-08-06 | Option exercise/conversion | Common Stock | 20,000 | $5 | $103.2K | 516,840 |
| 2026-08-06 | Open-market sale | Common Stock | 20,000 | $24 | $480.0K | 496,840 |
| 2026-08-06 | Option exercise/conversion | Employee Stock Option (Right to Buy) | 20,000 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-08-06 | Option exercise/conversion (20,000 shares) |
| 2026-08-06 | Open-market sale (20,000 shares) |
| 2026-08-06 | Option exercise/conversion (20,000 shares) |
Keywords
insider transaction, Form 4, MGNI, MAGNITE, INC., bearish, Katie Seitz Evans
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