Form 4: Magnite Operations President Sells Shares
Insider Transaction Report
Magnite's President of Operations, Katie Seitz Evans, sold 8,345 shares of common stock for $26 per share, reducing her direct beneficial ownership to 415,598 shares.
Summary
- Katie Seitz Evans, President of Operations at Magnite, Inc. (MGNI), reported a sale of common stock.
- The transaction involved the disposition of 8,345 shares of Magnite Common Stock.
- The shares were sold at a price of $26 per share.
- Following this transaction, Ms. Evans directly beneficially owns 415,598 shares of Common Stock.
- The sale was executed on August 25, 2025, pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2025.
Sentiment
Score: 5
Explanation: The filing reports a routine insider stock sale executed under a pre-arranged 10b5-1 trading plan, which is a neutral event regarding company performance or outlook.
Stakeholder Impact
- Shareholders: Minor impact, as the transaction is a pre-planned sale and not indicative of a change in company fundamentals or a reaction to new, undisclosed information.
- Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Adoption date of Rule 10b5-1 trading plan by the reporting person. |
| 08/25/2025 | Date of common stock transaction. |
| 08/26/2025 | Signature date of the Form 4 filing. |
Keywords
Magnite, MGNI, Insider Trading, Form 4, Stock Sale, Katie Seitz Evans, 10b5-1 Plan, Common Stock
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