MAGNITE (MGNI) Director Rachel Lam Sells 10,000 Shares

What Happened
Rachel Lam, a director of MAGNITE, INC. (MGNI), reported the sale of 10,000 shares on August 10, 2026. The filing shows a weighted-average price of $24.16 per share, for aggregate proceeds of approximately $241,600. The sale is reported with transaction code "S" (sale).

Key Details

• Transaction date: 2026-08-10 (Period of Report).
• Price reported (weighted average): $24.16 per share; prices in the sale ranged from $24.11 to $24.20 (per footnote).
• Shares disposed: 10,000; gross proceeds ≈ $241,600.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The filing notes the reported price is a weighted average across multiple trades and offers to provide a breakdown of quantities at each price on request.
• Filing timeliness: Report filed 2026-08-12 — appears to be timely (Form 4 is generally due within two business days).

Context
This was a sale, which is commonly routine (e.g., diversification or personal liquidity) and does not necessarily indicate a change in the director’s view of the company. No 10b5-1 plan, option exercise, gift, or tax-withholding information is disclosed in this filing.