Magnite CEO Sells Nearly 40,000 Shares as Part of Pre-Established Trading Plan
On July 15, 2026, Magnite's CEO Michael G. Barrett sold 38,596 shares at $20.35 per share through an exercise and sell transaction structured under a Rule 10b5-1 trading plan. The sale was not discretionary and is part of routine executive compensation management practices. Following the transaction, Barrett retained ownership of over 403,074 directly held shares and continued to hold vested stock options totaling nearly 294,000 units, indicating ongoing alignment with shareholder interests. Magnite's one-year total return as of that date was -13%, while its market capitalization stood at $2.7 billion. The company operates a global digital advertising platform and reported trailing twelve-month revenue of $722.6 million and net income of $158.7 million, showing profitability despite the CEO's recent share sale.
Tickers: $MGNI
Topics: CEO sale Magnite SEC Form 4 filing