MDB Form 144: Founder plans 31,000-share sale via Wells Fargo

Rhea-AI Filing Summary

Insider sale notice by a MongoDB insider. The filing reports that 31,000 common shares held as "Founders Shares" were to be sold through Wells Fargo Clearing Services, with an aggregate market value of $9,926,572.84 based on the reported figures. The shares were originally acquired from the issuer on 10/18/2017.

The filing identifies the seller as Dwight Merriman and lists prior sales in the past three months: 820 shares on 06/25/2025 for $172,631.80, 1,000 shares on 07/02/2025 for $205,918.00, 1,000 shares on 07/22/2025 for $224,743.00, and 1,000 shares on 07/25/2025 for $244,743.00. The proposed approximate sale date for the 31,000 shares is 09/19/2025, and the securities exchange is listed as NASDAQ.

Insights

Securities Analyst

TL;DR: Founder file to sell 31,000 shares (founders shares) with prior small dispositions in June–July 2025; reported via Rule 144.

This Form 144 documents a planned sale of 31,000 founder shares by an insider using a broker, with an aggregate market value reported at $9,926,572.84 and an approximate sale date of 09/19/2025. The filing also discloses recent open-market sales by the same person totaling 3,820 shares in June–July 2025 with listed gross proceeds. The notice includes acquisition details showing the shares were acquired from the issuer on 10/18/2017 as founders shares, consistent with a Rule 144 disposition rather than a company-initiated transaction. From a compliance perspective the filing appears to include required elements: broker, amounts, dates, and prior dispositions.

Corporate Governance Expert

TL;DR: Filing is a routine insider sale notice showing founder-origin shares being sold and prior partial sales disclosed.

The document provides the mechanics of a proposed sale under Rule 144: the selling party, broker, class, number of shares, acquisition date and nature (founders shares), and recent sales history. It contains the standard attestation about material nonpublic information. The disclosure is procedural and informational; it does not provide company operational or financial data. As presented, the filing fulfills disclosure requirements for an insider sale notice.

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	31000	9926572.84	81356893	09/19/2025	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			31000	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.	06/25/2025	820	172631.80
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
Dwight Merriman 1633 Broadway, 38th Flooe New York NY 10019	MongoDB, Inc	07/25/2025	1000	244743.00

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

Who is selling shares according to the Form 144 for MDB?

The seller is Dwight Merriman, identified in the filing as the person for whose account the securities are to be sold.

How many shares are proposed to be sold and what is their reported aggregate market value?

The filing reports 31,000 common shares to be sold with an aggregate market value of $9,926,572.84.

When were the shares being sold originally acquired?

The shares were acquired from the issuer on 10/18/2017 and are described as Founders Shares.

What is the approximate sale date and which broker/exchange are listed?

The approximate sale date is 09/19/2025, with Wells Fargo Clearing Services listed as the broker and NASDAQ as the exchange.

Were there recent sales by the same person in the past three months?

Yes. The filing lists sales of 820 shares on 06/25/2025, 1,000 shares on 07/02/2025, 1,000 shares on 07/22/2025, and 1,000 shares on 07/25/2025 with the gross proceeds shown for each.