MDB Founder Files Form 144 for Minor 1k-Share Disposition

Rhea-AI Filing Summary

Form 144 indicates that MongoDB, Inc. (MDB) co-founder Dwight Merriman intends to sell 1,000 common shares through Wells Fargo Clearing on or about 25 Jul 2025. The proposed block is valued at $244,743 based on the market price reported in the notice and represents roughly 0.0012 % of the 81.7 million shares outstanding, signalling an immaterial dilution effect.

The filing also discloses that Merriman has already sold 4,820 shares over the past three months in four transactions, generating total gross proceeds of $1.07 million. Shares were originally acquired as founder stock on 18 Oct 2017, implying the sales are largely for liquidity or diversification rather than recent option exercises. No adverse, non-public information is asserted by the insider, and no details suggest a 10b5-1 trading plan accompanies this sale.

Overall, the notice reflects a routine, small-scale insider disposition with negligible impact on MongoDB’s capital structure but may still be monitored by investors tracking insider sentiment.

Positive

• Immaterial dilution: proposed 1,000-share sale equals just 0.0012 % of MongoDB’s outstanding shares.
• Regulatory transparency: timely Form 144 filing provides visibility into founder trading activity.

Negative

• Continued insider selling: founder has sold 4,820 shares over three months, which could be read as waning insider confidence.
• No 10b5-1 plan disclosed, leaving trade timing discretionary and potentially raising perception-risk among governance-focused investors.

Insights

Equity Analyst

TL;DR: Minor insider sale (1,000 shares) by MDB co-founder; immaterial to float, modest negative sentiment signal.

Insider Dwight Merriman’s planned 1,000-share sale is worth ~$245k and equals 0.001 % of outstanding stock, far below thresholds that would affect supply-demand dynamics. However, cumulative sales of 4,820 shares (~$1.07 M) this quarter show a steady disposition trend that could be interpreted as cooling insider conviction. Because shares were founder stock, tax-planning or diversification motives are plausible. With no accompanying negative disclosures, I view market impact as neutral-to-slightly negative; investors may watch for larger or additional insider activity.

Corporate Governance Specialist

TL;DR: Filing is routine; volume de minimis, governance risk low, impact negligible.

The Form 144 satisfies Rule 144 transparency requirements, and the signer affirms no undisclosed adverse information. Transaction size is trivial relative to float, falling well within safe-harbor limits. Absence of a noted 10b5-1 plan means timing is discretionary, yet pattern suggests planned liquidity rather than strategic exit. From a governance standpoint, continuous, modest founder selling is typical for mature tech firms and poses no material governance red flag.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Wells Fargo Clearing Services One North Jefferson Avenue St. Louis MO 63103	1000	244743.00	81714313	07/25/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	10/18/2017	Founders Shares	Issuer			1000	10/18/2017	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Dwight Merriman 1633 Broadway, 38th Floor New York NY 10019	MongoDB, Inc.	06/05/2025	2000	467493.00
Dwight Merriman 1633 Broadway, 38th Floor New York NY 10019	MongoDB, Inc.	06/25/2025	820	172632.00
Dwight Merriman 1633 Broadway, 38th Floor New York NY 10019	MongoDB, Inc.	07/02/2025	1000	205918.00
Dwight Merriman 1633 Broadway, 38th Floor New York NY 10019	MongoDB, Inc.	07/22/2025	1000	224743.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many MongoDB (MDB) shares are being sold under this Form 144?

The notice covers the proposed sale of 1,000 common shares.

What is the estimated value of the planned MDB share sale?

Based on the filing, the block is valued at approximately $244,743.

Who is the insider selling MongoDB shares?

Co-founder Dwight Merriman is the selling shareholder.

When is the planned sale date for the MDB shares?

The approximate sale date listed is July 25, 2025.

How many MongoDB shares has the insider sold recently?

The filing lists 4,820 shares sold in the past three months, generating roughly $1.07 million in proceeds.

What percentage of MongoDB’s shares outstanding does 1,000 shares represent?

About 0.0012 % of the company’s 81.7 million outstanding shares.