Charitable foundation tied to MongoDB (MDB) director sells 1,190 shares at $369.75
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported a sale of MongoDB common stock on February 2, 2026, executed by the Dwight A. Merriman Charitable Foundation. The foundation sold 1,190 shares at $369.75 per share under a pre-arranged Rule 10b5-1 trading plan.
After this transaction, the foundation held 80,462 shares of MongoDB common stock. Separately, Merriman reported 1,031,316 shares held directly and 490,896 shares held indirectly through a trust for his children, highlighting significant ongoing ownership linked to the director.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,190 shares ($440,003)
Net Sell
3 txns
Insider
MERRIMAN DWIGHT A
Role
Director
Sold
1,190 shs ($440K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,190 | $369.75 | $440K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 80,462 shares (Indirect, Dwight A. Merriman Charitable Foundation);
Common Stock — 1,031,316 shares (Direct)
Footnotes (1)
- The Transaction was pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. 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. These shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the Reporting Person's children.
FAQ
What insider transaction did MongoDB (MDB) disclose for Dwight Merriman?
MongoDB disclosed that a charitable foundation associated with director Dwight A. Merriman sold 1,190 shares of MongoDB common stock. The sale occurred on February 2, 2026, and was executed under a Rule 10b5-1 trading plan at a price of $369.75 per share.
Was the MongoDB (MDB) insider sale part of a Rule 10b5-1 trading plan?
Yes. The filing states the transaction was executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Such plans pre-schedule trades, helping demonstrate that sales are made independently of any later-acquired material nonpublic information.
What is the nature of Dwight Merriman’s indirect MongoDB (MDB) holdings?
The Form 4 notes 80,462 shares held by the Dwight A. Merriman Charitable Foundation and 490,896 shares held by The Dwight A. Merriman 2012 Trust. The trust holds shares for the benefit of his children, reflecting indirect ownership and estate-planning structures.