MDB Form 4: Director Charles Hazard Reports 999-Share Sale at $310
Rhea-AI Filing Summary
Charles M. Hazard Jr., a director of MongoDB, Inc. (MDB), reported sales of Class A common stock under a Rule 10b5-1 trading plan. On 09/02/2025 the filing shows two sale transactions totaling 999 shares sold at a price of $310 per share. After these dispositions the reporting person beneficially owned 47,366 shares directly and, through The Narragansett Bay Childrens Trust for which he is trustee, 14,493 shares indirectly (the filing disclaims beneficial ownership of the trust shares except to the extent of pecuniary interest). The report is signed by an attorney-in-fact and notes the sales were executed pursuant to the 10b5-1 plan.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine director sales under a 10b5-1 plan; small aggregate relative to typical institutional holdings.
The Form 4 discloses scheduled dispositions of 833 and 166 Class A shares at $310 each on 09/02/2025, totaling 999 shares. These sales are identified as made under a Rule 10b5-1 trading plan, which typically mitigates concerns about opportunistic timing. Post-transaction holdings are 47,366 shares held directly and 14,493 indirectly via a trust where the reporting person is trustee. From an investor-impact perspective, the disclosure documents insider liquidity but does not indicate a change in control or a material shift in ownership concentration based on the data provided.
TL;DR: Governance disclosure appears compliant; trustee relationship and disclaimer are clearly stated.
The filing explicitly states the trust ownership and includes the trustee disclaimer, clarifying the reporting person’s voting and dispositive power over the trust shares while disclaiming beneficial ownership except for pecuniary interest. The use of a pre-established 10b5-1 plan is disclosed, and the document is properly signed by an attorney-in-fact. These elements align with standard Section 16 reporting practices and provide transparent context for the insider sales.