MDB Insider Notice: 33,320 Shares Planned Sale via Merrill Lynch on NASDAQ
Rhea-AI Filing Summary
Form 144 notice for MongoDB, Inc. (MDB) reports a proposed sale of 33,320 shares of common stock through Merrill Lynch Pierce Fenner & Smith on NASDAQ, with an aggregate market value of $10,038,720.43 and an approximate sale date of 08/28/2025. The filing shows the shares were acquired as Restricted Stock Units from MongoDB on specific grant vesting dates between 10/01/2021 and 01/01/2024, totaling 33,320 shares. The filer, identified as Dev Ittycheria c/o MongoDB Inc, also reported sales of 8,335 shares on 07/28/2025, 8,335 shares on 07/24/2025 and 25,005 shares on 06/05/2025, with gross proceeds listed for each sale. The signer represents no undisclosed material adverse information and notes compliance with Rule 144 procedures.
Positive
- Proposed sale is disclosed with broker and exchange (Merrill Lynch on NASDAQ)
- Acquisition history is detailed showing RSU vesting dates from 10/01/2021 to 01/01/2024 totaling 33,320 shares
- Recent prior sales are fully reported with dates and gross proceeds
Negative
- Filer sold 41,675 shares in the past three months as reported in the filing
- Aggregate market value of the proposed sale is $10,038,720.43, representing a material cash value being transacted
Insights
TL;DR Routine Rule 144 sale notice: 33,320 shares proposed for sale; multiple recent dispositions disclosed.
This Form 144 is a standard disclosure of an intended sale under Rule 144. It specifies the broker (Merrill Lynch), the intended sale date (08/28/2025), and the aggregate market value ($10,038,720.43). The filing documents the original acquisition as Restricted Stock Units vested on dates from 2021 to 2024, and it itemizes three prior sales in the past three months totaling 41,675 shares with reported gross proceeds. From a reporting perspective the form appears complete with requisite acquisition, sale and broker details.
TL;DR Disclosure aligns with Rule 144 obligations; signer attests to absence of undisclosed material information.
The notice includes the required certification that the filer does not possess undisclosed material adverse information and records the dates and nature of share acquisition (Restricted Stock Units). It also provides seller identity and recent sale history, which are key elements for transparency and insider disclosure protocols. The form includes a broker name and exchange for the proposed transaction, satisfying common procedural disclosure items for Rule 144 filings.