Form 4: Magnite, Inc. Executive Sean Patrick Buckley Sells Shares Under 10b5-1 Plan

Sean Patrick Buckley, President of Revenue at Magnite, Inc., sold 18,693 shares of common stock at $20 per share on February 7, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 7, 2025, Sean Patrick Buckley, the President of Revenue at Magnite, Inc., sold 18,693 shares of the company's common stock.
• The sale was executed at a price of $20 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that Buckley adopted on November 24, 2023.
• Following the transaction, Buckley still beneficially owns 408,529 shares of Magnite, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any inside information at the time of the transaction.

Stakeholder Impact

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

Key Dates

Keywords

Magnite, Inc., Sean Patrick Buckley, Form 4, Stock Sale, 10b5-1 Trading Plan, MGNI, Executive Compensation, Insider Trading