Magnite CTO David Buonasera sells $179,477 in company stock
Former Magnite CTO David Buonasera divested $179,477 worth of the company's shares on August 6, 2026. The transactions occurred within the $22.72 to $25.00 per share range, aligning with a substantial 114% increase in Magnite's stock price over the past six months. Currently trading at $24.73, the company's market capitalization stands at $3.55 billion.
These sales, executed under a pre-established Rule 10b5-1 trading plan adopted on September 11, 2025, comprised 4,176 shares at an average price of $22.81, 2,602 shares at $24.00, and 871 shares at $25.00 each. Following these sales, Buonasera personally holds 260,836 shares of Magnite common stock. Magnite has demonstrated profitability in the past year and is currently trading near its fair value.
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