Director Dwight Merriman trades MongoDB (MDB) shares under 10b5-1 plan
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported multiple open-market sales of MongoDB common stock. The transactions, dated February 12–17, 2026, were executed under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person.
Sales included 5,000 directly held shares on February 13, 2026 at $353.35 per share, and 1,200 shares at $364.00 per share on February 17, 2026 held through the Dwight A. Merriman Charitable Foundation, over which he is deemed to have voting and investment power but no pecuniary interest. Additional sales involved shares held in The Dwight A. Merriman 2012 Trust for the benefit of his children.
Positive
- None.
Negative
- None.
Insights
Director Merriman discloses Rule 10b5-1 stock sales and updated holdings.
The filing shows Dwight A. Merriman, a director of MongoDB, Inc., conducting several open-market sales of common stock between February 12–17, 2026. All transactions are coded "S" for sales and are stated to be made under a pre-established Rule 10b5-1 trading plan, indicating they were scheduled in advance.
Some shares sold were held directly, while others were held indirectly through The Dwight A. Merriman 2012 Trust and the Dwight A. Merriman Charitable Foundation. The footnotes clarify that the foundation is a Delaware nonstock nonprofit and that the reporting person has voting and investment power but no pecuniary interest in those foundation-held shares.
From a governance perspective, this is a routine insider trading report rather than a corporate event. Prices are disclosed as weighted averages, with ranges provided in the footnotes for transparency. The filing primarily updates the market on Merriman’s direct and indirect ownership levels; actual impact on MongoDB’s business or strategy is not indicated in this disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,200 | $364.00 | $437K |
| Sale | Common Stock | 5,000 | $353.35 | $1.77M |
| Sale | Common Stock | 768 | $355.36 | $273K |
| Sale | Common Stock | 2,142 | $356.58 | $764K |
| Sale | Common Stock | 2,090 | $358.06 | $748K |
| Sale | Common Stock | 4,168 | $364.64 | $1.52M |
| Sale | Common Stock | 195 | $365.94 | $71K |
| Sale | Common Stock | 1,000 | $367.08 | $367K |
| Sale | Common Stock | 637 | $368.00 | $234K |
Footnotes (1)
- The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $364.50 to $365.01, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. These shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the Reporting Person's children. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $365.77 to $366.00, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $367.00 to $367.16, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $355.11 to $356.00, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $356.21 to $357.14, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $357.88 to $358.31, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The Dwight A. Merriman Charitable Foundation is a Delaware nonstock nonprofit corporation. The Reporting Person is deemed to have voting and investment power over the shares of MongoDB, Inc. Common Stock held by the Dwight A. Merriman Charitable Foundation, but has no pecuniary interest in these shares.
