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

What Happened

Caine Paul, a director of MAGNITE, INC. (MGNI), sold 5,000 shares on August 10, 2026. The reported weighted-average price was $24.35 per share, for total proceeds of approximately $121,750. The shares were disposed in multiple transactions (sale code S), consistent with an open-market sale.

Key Details

• Transaction date: August 10, 2026; Form 4 filed August 12, 2026 (filed within the standard 2-business-day reporting window).
• Price: Weighted average $24.35; individual trade prices ranged from $24.07 to $24.91.
• Shares sold: 5,000; Total proceeds: ≈ $121,750.
• Shares owned after transaction: Not provided in the supplied filing details.
• Notable footnotes:
  • The sales were effected under a Rule 10b5-1 trading plan adopted by the reporting person on August 20, 2025.
  • The filing notes the weighted-average price and offers to provide a breakdown of shares sold at each specific price within the $24.07–$24.91 range upon request.

Context

• Sales by directors are often routine and can be pre-arranged under 10b5-1 plans; this filing indicates the trades were made under such a plan.
• For retail investors, purchases typically signal stronger insider conviction than scheduled sales; this report documents a routine disposition rather than an acquisition.