Magnite CEO Michael Barrett sold 38,596 shares of common stock on July 15, 2026, at $20.35 per share, for a total transaction value of $785,429. The sale was executed under a Rule 10b5-1 trading plan established on March 13, 2026, and involved exercising stock options with a strike price of $5.80 before immediately selling the resulting shares. Following the transaction, Barrett retains direct ownership of 403,074 shares and holds an additional 293,968 derivative securities, maintaining significant alignment with shareholders. Magnite, a global digital advertising marketplace platform with a market capitalization of $2.7 billion, reported trailing twelve-month revenue of $722.6 million and net income of $158.7 million. The company has reduced debt from $556 million at the end of 2025 to $351 million as of the first quarter, while first-quarter revenue rose 6% year over year to $164 million and net income improved to $4 million from a net loss of $10 million in the prior year.
Magnite IncCEO sold shares under a trading plan, which can signal insider selling, though pre-planned and retains significant holdings.