Magnite CEO Michael G. Barrett sold nearly 294,000 shares for $6.7 million on August 6 under a Rule 10b5-1 trading plan adopted in March. The transaction was a cashless exercise-and-sell of fully vested options at a $5.80 strike price, with shares sold at a weighted-average price of $22.72. Barrett retains 403,074 shares valued at $9.8 million. The sale came a day after Magnite reported second-quarter results where connected TV revenue jumped 36% to $97 million, now representing more than half of contribution, and the company raised its full-year outlook.
Magnite IncCEO insider sale under pre-set plan; not directly tied to company performance.
