The CEO's sale is consistent with a cashless option exercise and diversification, not a bearish signal. Monitor upcoming earnings (likely early November) for any guidance changes. The cluster does not warrant a directional trade on its own.
Price Chart
Executive Summary
Insider trading cluster at Magnite shows CEO Michael G. Barrett sold $6.68M in shares following option exercises, alongside smaller sales by other insiders. Total open-market sales of $7.16M represent 0.2% of market cap, a modest amount. The CEO's sale appears routine (cashless exercise and sell), and the cluster does not signal material bearish conviction.
Key Financial Metrics
Key Facts
- CEO Michael G. Barrett sold 293,968 shares at $22.72 for $6.68M on 2026-08-06, concurrent with derivative exercises.
- EVP Katie Seitz Evans sold 20,000 shares at $24.00 for $480K on 2026-08-06.
- Total open-market sales in the cluster: $7.16M (0.2% of $3.5B market cap).
- Additional insider sales in the same window (CTO David Buonasera ~$179K, Director Douglas Knopper ~$848K) bring total to ~$8.2M, still modest relative to market cap.
Financial Impact
Insider sales of $7.16M (0.2% of market cap) are modest and routine in context of CEO option exercises.
Risk Factors
- CEO sold a large absolute dollar amount ($6.68M), which could be misinterpreted as bearish by the market.
- If the company reports disappointing earnings soon, insider sales may be viewed negatively in hindsight.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MGNI-1786136837753 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 22d ago | Insider Cluster | $23.77 $23.84 | ▲ +0.29% | ▲ +0.74% | $25.44 (+7.03%) |
Sep 10, 2026 22d ago | Press Release | $23.55 $23.77 | ▲ +0.93% | ▲ +0.08% | $25.44 (+8.03%) |
Sep 10, 2026 23d ago | Insider Cluster | $23.55 $23.77 | ▲ +0.93% | ▲ +0.08% | $25.44 (+8.03%) |
Sep 3, 2026 4w ago | Insider Cluster | $24.63 $24.14 | ▼ −1.99% | ▼ −1.60% | $25.44 (+3.29%) |
Aug 12, 2026 7w ago | Insider Cluster | $24.34 $24.58 | ▲ +0.99% | ▲ +0.29% | $25.44 (+4.52%) |
Aug 12, 2026 7w ago | Insider Cluster | $24.34 $24.58 | ▼ −0.99% | ▼ −0.29% | $25.44 (−4.52%) |
Aug 12, 2026 7w ago | Insider Cluster | $24.34 $24.58 | ▼ −0.99% | ▼ −0.29% | $25.44 (−4.52%) |
Aug 10, 2026 7w ago | 144 | $24.30 $24.34 | ▲ +0.16% | ▼ −0.09% | $25.44 (+4.69%) |
Aug 7, 2026 8w ago | Insider Cluster | $24.21 $24.30 | ▼ −0.37% | ▼ −0.69% | $25.44 (−5.08%) |
Aug 7, 2026 8w ago | Insider Cluster | $24.21 $24.30 | ▲ +0.37% | ▲ +0.69% | $25.44 (+5.08%) |
US Market Status
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