Magnite (MGNI) Director Caine Paul Sells 5,000 Shares

What Happened Caine Paul, a director of Magnite, sold 5,000 shares on July 10, 2026 in an open-market sale. The reported weighted-average price was $20.64 per share for total proceeds of approximately $103,200. The filing indicates the sale occurred in multiple transactions at prices ranging from $20.31 to $21.25.

Key Details

• Transaction date: July 10, 2026 (Form 4 filed July 14, 2026)
• Price: weighted average $20.64; individual trades ranged $20.31–$21.25
• Shares sold: 5,000; proceeds ≈ $103,200
• Shares owned after transaction: not disclosed in this Form 4
• Footnotes: (1) Sale executed under a Rule 10b5-1 trading plan adopted Aug 20, 2025; (2) weighted-average price reflects multiple trades and the filer can provide per-trade breakdown on request
• Filing timeliness: Form 4 was filed within the typical 2 business-day reporting window

Context This was a sale (often considered routine), and it was pre-arranged under a 10b5-1 plan, which allows insiders to execute planned trades regardless of subsequent material nonpublic information. For retail investors, preplanned insider sales are less indicative of a change in the insider’s private view than ad hoc sales, but they still reduce the insider’s stake in the company.