MongoDB (NASDAQ: MDB) director logs 2,000-share Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported an open-market sale of 2,000 shares of Common Stock at $290.06 per share. The trade was executed on May 7, 2026 pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
After the sale, Merriman directly holds 1,003,316 shares of MongoDB common stock. He also has indirect holdings of 79,262 shares through the Dwight A. Merriman Charitable Foundation, where he has voting and investment power but no pecuniary interest, and 476,896 shares held by The Dwight A. Merriman 2012 Trust for the benefit of his children.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,000 shares ($580,120)
Net Sell
3 txns
Insider
MERRIMAN DWIGHT A
Role
null
Sold
2,000 shs ($580K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $290.06 | $580K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,003,316 shares (Direct, null);
Common Stock — 476,896 shares (Indirect, By Trust)
Footnotes (1)
- The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. These shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the Reporting Person's children. 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.
Key Figures
Shares sold: 2,000 shares
Sale price: $290.06 per share
Direct holdings after sale: 1,003,316 shares
+2 more
5 metrics
Shares sold
2,000 shares
Open-market sale on May 7, 2026
Sale price
$290.06 per share
Price for the 2,000 sold shares
Direct holdings after sale
1,003,316 shares
Common Stock directly held post-transaction
Charitable foundation holdings
79,262 shares
Held by Dwight A. Merriman Charitable Foundation
Trust holdings
476,896 shares
Held by The Dwight A. Merriman 2012 Trust
Key Terms
Rule 10b5-1 trading plan, open-market sale, pecuniary interest, indirect ownership
4 terms
Rule 10b5-1 trading plan financial
"The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
pecuniary interest financial
"but has no pecuniary interest in these shares."
indirect ownership financial
""ownership_type": "indirect""
FAQ
What did MongoDB (MDB) director Dwight A. Merriman report in this Form 4?
Dwight A. Merriman reported an open-market sale of 2,000 MongoDB common shares at $290.06 on May 7, 2026. The filing also updates his direct and indirect shareholdings after the transaction.
Was Dwight A. Merriman’s MongoDB (MDB) stock sale pre-planned?
Yes. The filing notes the transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by Merriman. Such plans allow pre-scheduled trades, reducing the significance of short-term market timing.
What indirect MongoDB (MDB) holdings are associated with Dwight A. Merriman?
Indirect holdings include 79,262 shares held by the Dwight A. Merriman Charitable Foundation, where he has voting and investment power but no pecuniary interest, and 476,896 shares held by The Dwight A. Merriman 2012 Trust for his children.