Magnite Director Paul Caine Sells Shares Worth $187,500
Paul Caine, a director at Magnite (NASDAQ: MGNI), sold 7,500 shares of the company's common stock on August 14, 2026. The transaction was conducted under a Rule 10b5-1 trading plan established in August 2025 and is part of routine portfolio management rather than an indication of concern about the company’s performance. Caine reduced his direct stake by approximately 5%, but he still holds over 149,901 shares with a post-transaction value of around $3.7 million as of August 14 market close. The sale occurred at a weighted average price of $25 per share and was valued at $187,500. Magnite operates in the digital advertising space with a two-sided marketplace model connecting publishers to advertisers. As of mid-2026, it has a market capitalization of approximately $3.4 billion.
Tickers: $MGNI
Topics: insider selling Magnite SEC filing