MongoDB (NASDAQ: MDB) director entity sells 1,054 shares under 10b5-1 plan
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported a small planned sale of company stock through a charitable entity. On January 2, 2026, the Dwight A. Merriman Charitable Foundation sold 1,054 shares of MongoDB common stock at $422.50 per share under a Rule 10b5-1 trading plan. The foundation is a Delaware nonstock nonprofit corporation; Merriman is deemed to have voting and investment power over its MongoDB shares but has no pecuniary interest in them. After this transaction, the foundation held 82,791 shares, a separate trust held 496,896 shares for his children, and Merriman directly held 1,041,316 shares of MongoDB common stock.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did MongoDB (MDB) disclose in this Form 4?
The filing shows that an entity associated with director Dwight A. Merriman, the Dwight A. Merriman Charitable Foundation, sold 1,054 shares of MongoDB, Inc. common stock on January 2, 2026 at $422.50 per share.
Who actually sold the MongoDB (MDB) shares and how is Dwight A. Merriman involved?
The seller was the Dwight A. Merriman Charitable Foundation, a Delaware nonstock nonprofit corporation. According to the disclosure, Merriman is deemed to have voting and investment power over the MongoDB shares held by the foundation but has no pecuniary interest in those shares.
Was the MongoDB (MDB) stock sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the transactions were pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, indicating the sale followed a pre-arranged plan rather than discretionary timing.
How many MongoDB (MDB) shares did the charitable foundation and related entities hold after the transaction?
Following the reported sale, the Dwight A. Merriman Charitable Foundation held 82,791 shares of MongoDB common stock. A separate trust for Merriman’s children held 496,896 shares, and Merriman directly held 1,041,316 shares.
What is the nature of the trust holding MongoDB (MDB) shares for Dwight A. Merriman’s family?
The filing notes that 496,896 shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the reporting person’s children, and these shares are reported as held indirectly "By Trust."
What is Dwight A. Merriman’s role at MongoDB (MDB) according to this filing?
The report identifies Dwight A. Merriman as a director of MongoDB, Inc. and indicates that the Form 4 is filed by one reporting person.