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

Magnite Inc.'s Chief Revenue Officer, Sean Patrick Buckley, sold 2,682 shares of common stock at $12.50 per share on May 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 24, 2024, Sean Patrick Buckley, the Chief Revenue Officer of Magnite Inc., sold 2,682 shares of Magnite's common stock.
• The sale was executed at a price of $12.50 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on November 24, 2023.
• Following the transaction, Buckley directly owns 404,875 shares of Magnite's common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. The use of 10b5-1 trading plans allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

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

Key Dates