MongoDB (NASDAQ: MDB) director Merriman sells 16,000 shares in plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB director Dwight A. Merriman reported open-market sales of 16,000 shares of MongoDB, Inc. common stock under a Rule 10b5-1 trading plan. Transactions on June 12, 2026 and June 15, 2026 were executed at weighted average prices ranging from $348.45 to $354.41 per share.
Of the total, 10,000 shares were sold from his direct holdings and 6,000 shares were sold indirectly by The Dwight A. Merriman 2012 Trust for the benefit of his children. After these sales, Merriman directly holds 992,691 shares, with an additional 464,896 shares held by the 2012 Trust and 79,262 shares held by the Dwight A. Merriman Charitable Foundation, where he has voting and investment power but no pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 16,000 shares ($5,632,632)
Net Sell
6 txns
Insider
MERRIMAN DWIGHT A
Role
null
Sold
16,000 shs ($5.63M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,000 | $348.92 | $2.09M |
| Sale | Common Stock | 625 | $350.55 | $219K |
| Sale | Common Stock | 320 | $352.00 | $113K |
| Sale | Common Stock | 1,280 | $353.00 | $452K |
| Sale | Common Stock | 7,775 | $354.41 | $2.76M |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 464,896 shares (Indirect, By Trust);
Common Stock — 992,691 shares (Direct, null)
Footnotes (1)
- The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $350.01 to $350.85, 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 $352.00 to $352.03, 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 $348.45 to $348.98, 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. 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
Total shares sold: 16,000 shares
Direct shares sold: 10,000 shares
Trust shares sold: 6,000 shares
+5 more
8 metrics
Total shares sold
16,000 shares
Net open-market sales reported in this Form 4
Direct shares sold
10,000 shares
Common Stock sales on June 12, 2026 from direct holdings
Trust shares sold
6,000 shares
Common Stock sales on June 15, 2026 by 2012 Trust
Sale price example
$348.92 per share
6,000-share trust sale on June 15, 2026
Highest reported sale price
$354.41 per share
7,775-share direct sale on June 12, 2026
Direct holdings after transactions
992,691 shares
Common Stock directly owned following June 12, 2026 trades
2012 Trust holdings after sale
464,896 shares
Shares held by The Dwight A. Merriman 2012 Trust after June 15, 2026
Charitable foundation holdings
79,262 shares
Shares held by Dwight A. Merriman Charitable Foundation; no pecuniary interest
Key Terms
Rule 10b5-1 trading plan, weighted average price, pecuniary interest, non-derivative, +1 more
5 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.
weighted average price financial
"The price reported is a weighted average price. The shares were sold in multiple transactions at prices within stated ranges."
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.
pecuniary interest financial
"The Reporting Person is deemed to have voting and investment power ... but has no pecuniary interest in these shares."
non-derivative financial
"Transaction type is reported as non-derivative for the Common Stock sales."
indirect ownership financial
"Certain holdings are reported as indirect, including shares held by a trust and a charitable foundation."
FAQ
What is the role of The Dwight A. Merriman 2012 Trust in these MongoDB (MDB) holdings?
The filing notes that certain shares are held by The Dwight A. Merriman 2012 Trust for the benefit of Merriman’s children. The trust conducted part of the 16,000-share sale and continues to hold a substantial indirect position in MongoDB stock.