MongoDB (MDB) director Dev Ittycheria sells 40,000 shares in open-market trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dev Ittycheria reported open-market sales of 40,000 shares of Common Stock on June 4, 2026. The shares were sold in multiple transactions at weighted average prices within ranges from $380.00 to $388.12 per share.
After these sales, Ittycheria directly holds 161,762 shares of MongoDB common stock, indicating he retains a substantial equity stake in the company despite the net share reduction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares ($15,326,487)
Net Sell
8 txns
Insider
Ittycheria Dev
Role
null
Sold
40,000 shs ($15.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,003 | $380.51 | $2.66M |
| Sale | Common Stock | 3,426 | $381.51 | $1.31M |
| Sale | Common Stock | 8,881 | $382.49 | $3.40M |
| Sale | Common Stock | 7,765 | $383.69 | $2.98M |
| Sale | Common Stock | 7,501 | $384.49 | $2.88M |
| Sale | Common Stock | 3,315 | $385.43 | $1.28M |
| Sale | Common Stock | 1,392 | $386.95 | $539K |
| Sale | Common Stock | 717 | $387.84 | $278K |
Holdings After Transaction:
Common Stock — 194,759 shares (Direct, null)
Footnotes (1)
- The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $380.00 to $380.97, 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 $381.04 to $382.03, 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 $382.05 to $383.00, 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 $383.08 to $384.07, 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 $384.08 to $385.07, 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 $385.08 to $385.98, 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 $386.22 to $387.10, 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 $387.22 to $388.12, 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.
Key Figures
Shares sold: 40,000 shares
Sale price range: $380.00–$388.12 per share
Holdings after sale: 161,762 shares
+3 more
6 metrics
Shares sold
40,000 shares
Total Common Stock sold on June 4, 2026
Sale price range
$380.00–$388.12 per share
Weighted average price ranges across multiple trades
Holdings after sale
161,762 shares
Direct MongoDB Common Stock held post-transactions
Number of sale transactions
8 transactions
Non-derivative open-market sales, code S
Largest single block
8,881 shares
Single transaction at $382.49 per share
Smallest single block
717 shares
Single transaction at $387.84 per share
Key Terms
open-market sale, weighted average price, Common Stock, non-derivative, +1 more
5 terms
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.
weighted average price financial
"The price reported is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type: "non-derivative""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did MongoDB (MDB) director Dev Ittycheria report in this Form 4?
Dev Ittycheria reported selling 40,000 shares of MongoDB Common Stock in open-market transactions on June 4, 2026. These trades were executed across multiple price ranges, all near the high-$300s per share, according to the Form 4 disclosure.
How many separate sale transactions did the MongoDB (MDB) Form 4 include?
The Form 4 lists eight separate non-derivative transactions, each coded as an open-market sale of Common Stock. Together, these eight sales total 40,000 shares, all executed on June 4, 2026, at different weighted average price levels.
Were Dev Ittycheria’s MongoDB (MDB) transactions option exercises or regular stock sales?
All reported transactions involve MongoDB Common Stock classified as non-derivative securities and coded with “S” for sale. There are no derivative exercises reported, and the derivative summary section of the filing is empty for this period.