Magnite CEO and Four Insiders Sold Stock, SEC Filings Show
The filings came as Magnite reported a 36% jump in connected‑TV revenue with strong trailing‑twelve‑month results that provide context for the trades.
Overview
- SEC Form 4 filings show five Magnite executives sold shares on Thursday, August 6, 2026, with CEO Michael G. Barrett executing the largest sale of 294,000 shares.
- Barrett’s transaction was a cashless exercise-and-sell of fully vested options at a $5.80 strike, sold at a weighted-average price of $22.72, and he kept 403,074 shares after the sale.
- CTO David Buonasera sold 7,649 shares on the same day at a reported weighted-average price of $23.46, and three other company insiders also disclosed August 6 sales in the filings.
- The filings note an August 6 market close price of $24.32 and are presented alongside Magnite’s recent financials, including a 36% rise in connected-TV revenue and roughly $742 million in trailing‑twelve‑month revenue.
- Form 4 disclosures are routine and record transaction details but do not explain motives; Barrett’s sale referenced a 10b5‑1 trading plan, which signals the timing and volume were set in advance and not tied to inside information.