Form 4: Magnite Inc. Executive Brian Gephart Reports Stock Sale
SEC Form 4 Filing
Brian Gephart, Chief Accounting Officer of Magnite, Inc., sold 16,166 shares of common stock at $15 per share on July 15, 2024, according to a Form 4 filing.
Summary
- On July 15, 2024, Brian Gephart, the Chief Accounting Officer of Magnite, Inc., sold 16,166 shares of common stock.
- The sale was executed at a price of $15 per share.
- Following the transaction, Gephart directly owns 121,169 shares of Magnite, Inc.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 15, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports a stock sale by an executive.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although the effect is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| December 15, 2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| July 15, 2024 | Date of the stock sale transaction |
| July 17, 2024 | Date of the signature on the Form 4 filing |
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