Magnite CEO Sells Nearly 40,000 Shares as Part of Pre-Established Trading Plan
On July 15, 2026, Magnite's CEO Michael Barrett sold 38,596 shares at $20.35 per share through a Rule 10b5-1 trading plan, as disclosed in an SEC Form 4 filing. The transaction involved the exercise and sale of stock options with a strike price of $5.80, executed across multiple trades ranging from $20.165 to $20.56 per share. Following this disposition, Barrett retained direct ownership of 403,074 shares and an additional 293,968 derivative securities, indicating continued alignment with shareholders' interests. The sale was not discretionary but part of a structured plan established on March 13, 2026, to comply with insider trading regulations. Magnite's stock had delivered a one-year total return of -13% as of the transaction date, while maintaining a market capitalization of $2.7 billion and trailing twelve-month net income of $158.7 million.
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