MongoDB (MDB) director Cochran gets stock awards, then sells 1,000 shares under 10b5-1 plan
Rhea-AI Filing Summary
MongoDB, Inc. director Hope F. Cochran reported a mix of equity compensation awards and a small open-market sale of common stock. On June 30, 2026, she acquired 767 restricted stock units and 199 fully vested shares under MongoDB’s non-employee director compensation policy, both at no cash cost to her.
On July 1, 2026, Cochran then sold 1,000 shares of common stock in an open-market transaction at $350.00 per share pursuant to a pre-arranged Rule 10b5-1 trading plan. After these transactions, she directly holds 29,326 MongoDB shares, showing that the reported sale represents only a portion of her overall stake.
Positive
- None.
Negative
- None.
Insights
Routine director equity grants offset by a modest, pre-planned share sale.
The filing shows director Hope F. Cochran receiving equity as part of MongoDB, Inc.’s non-employee director compensation. She was granted 767 restricted stock units that vest on a future date tied to service, plus 199 fully vested shares in lieu of cash fees.
The 1,000-share open-market sale at $350.00 per share was executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled rather than opportunistic. Afterward, Cochran still holds 29,326 shares, suggesting the sale affects only a fraction of her disclosed position.
Overall, this combination of equity awards and a planned sale appears consistent with standard director compensation and portfolio management practices, without signaling a major shift in insider conviction about MongoDB’s stock.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $350.00 | $350K |
| Grant/Award | Common Stock | 767 | $0.00 | -- |
| Grant/Award | Common Stock | 199 | $0.00 | -- |
Footnotes (1)
- Represents restricted stock units issued to the Reporting Person pursuant to the annual equity grant under the Issuer's non-employee director compensation policy. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer and has no expiration date. The shares underlying the restricted stock unit award shall vest in full on the earlier of (i) the first anniversary of the grant date and (ii) the date of the Issuer's 2027 annual stockholders' meeting, subject to the Reporting Person providing continuous service to the Issuer through such date. Represents fully vested shares issued to the Reporting Person who elected to receive stock in lieu of cash for services as a director under the Issuer's non-employee director compensation policy. The number of shares was calculated based on the 30-day volume-weighted average share price as of the date immediately prior to the date of issuance and the amount of fees owed to the Reporting Person. The transaction was pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.