MongoDB (MDB) Insider Notice: 6,668 Shares to be Sold on NASDAQ
Rhea-AI Filing Summary
Notice of proposed sale of securities by an insider. The filer intends to sell 6,668 shares of common stock of MongoDB, Inc. (ticker MDB) through Morgan Stanley Smith Barney LLC on the NASDAQ, with an aggregate market value of $1,971,727.60. The shares represent part of a position originally acquired on 10/01/2009 in a VC investment from the issuer, paid in cash. The filing reports 81,356,893 shares outstanding for the company and lists an approximate sale date of 08/28/2025. No securities were reported sold by the same person in the past three months. The filer also certifies they are not aware of undisclosed material adverse information.
Positive
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Negative
- None.
Insights
TL;DR: Routine Form 144 filing for a small secondary sale; limited market impact expected.
The notice indicates an intended sale of 6,668 MongoDB shares via a broker on NASDAQ, with an aggregate value near $2.0 million. Relative to the reported 81.36 million shares outstanding, this block is immaterial in size (under 0.01% of outstanding shares), suggesting no likely direct effect on market supply or control. The shares were acquired in 2009 as part of a VC investment and were paid in cash, which confirms a long-held position rather than recent acquisition. No sales in the prior three months are reported, and the filer attests to absence of undisclosed material adverse information. From a trading-impact perspective, this filing appears routine and not materially informative about company fundamentals.
TL;DR: Disclosure aligns with rule 144 requirements; no governance red flags in the filing.
The document supplies required details: broker, number of shares, acquisition date and nature, and a signature representation regarding material information. The long holding period (acquired 10/01/2009) is consistent with an investor exiting a legacy position. There are no indications of coordinated insider selling, accelerated disposition, or reliance on a 10b5-1 plan disclosed here. Absent additional context such as concurrent insider departures or material company events, this Form 144 does not raise governance concerns.