A Magnite Insider Kept $12 Million in Stock After Selling. Here's What to Know
Sale executed under a pre-established Rule 10b5-1 plan from August 2025, signaling a scheduled liquidity strategy. Evans retains 496,840 shares worth $12.08 million.
Overview
Katie Seitz Evans, president of product and operations at Magnite, Inc. (NASDAQ:MGNI), reported a sale of 20,000 shares of the company on August 6, following a derivative exercise, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($24.00); post-transaction value based on the August 6 market close ($24.32).
Details
Magnite is a leading independent platform in the programmatic advertising ecosystem, with a market capitalization of $3.5 billion and TTM revenues of $742.0 million. The company operates a sophisticated two-sided marketplace that connects publishers seeking to monetize digital content with advertisers and agencies seeking efficient media buying solutions. With a strong net income of $166.9 million on a TTM basis, Magnite maintains a competitive position in the digital advertising technology sector, leveraging its independent status and comprehensive platform capabilities to serve a global customer base.
Source
Originally published at www.fool.com.