PEARSON DAVID T. 4
4 · MAGNITE, INC. · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Magnite (MGNI) Director David T. Pearson Sells 10,766 Shares
What Happened David T. Pearson, a director of Magnite, Inc. (MGNI), disposed of 10,766 shares in an open-market sale on June 10, 2026 for a weighted-average price of $15.65, yielding approximately $168,488. Two days earlier (June 8, 2026) he was granted 13,798 restricted stock units (RSUs) as compensation (acquired at $0.00). Sales are often routine; the sale here was executed under a pre-established trading plan.
Key Details
- Transactions: June 8, 2026 — 13,798 RSUs granted (price $0.00); June 10, 2026 — 10,766 shares sold in the open market (weighted avg $15.65) for ~$168,488.
- Sale price range: shares sold across prices from $15.285 to $15.88 (weighted avg reported).
- Shares owned after transaction: not disclosed in the provided Form 4.
- Notable footnotes: RSUs vest in full on the earliest of (i) June 8, 2027, (ii) the 2027 annual meeting, or (iii) a change of control; RSUs were granted as compensation; the sale was made under a Rule 10b5-1 trading plan adopted March 9, 2026.
- Timeliness: Filing dated June 10, 2026 — appears timely (Form 4 is generally due within two business days of the transaction).
Context RSUs are compensation grants and only convert to shares when they vest per the stated schedule; they do not represent an immediate cash sale. The sale was executed under a 10b5-1 plan, which is a pre-set trading arrangement that can indicate routine disposition rather than a spontaneous market-timing decision.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-08+13,798→ 89,767 total - Sale
Common Stock
[F3][F4]2026-06-10$15.65/sh−10,766$168,488→ 79,001 total
Footnotes (4)
- [F1]Represents restricted stock units that vest in full on the earliest of (i) June 8, 2027, (ii) the date of the 2027 annual meeting of the Issuer's stockholders, or (iii) a change of control of the Issuer.
- [F2]Granted as compensation for services.
- [F3]The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 9, 2026.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.285 to $15.88, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.