MongoDB (MDB) director Merriman sells 12,000 shares in Rule 10b5-1 trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported open-market sales of 12,000 shares of MongoDB common stock on April 14 and 16, 2026. The shares were sold in six transactions at prices ranging from about $235 to $253 per share.
Part of the stock was sold from Merriman’s direct holdings, and part from The Dwight A. Merriman 2012 Trust, which holds shares for his children. The filing states these trades were made under a Rule 10b5-1 trading plan. After the sales, Merriman holds 1,005,316 shares directly, 476,896 shares through the 2012 Trust, and 79,262 shares indirectly via 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: 12,000 shares ($2,904,414)
Net Sell
7 txns
Insider
MERRIMAN DWIGHT A
Role
Director
Sold
12,000 shs ($2.90M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,640 | $252.22 | $918K |
| Sale | Common Stock | 360 | $253.40 | $91K |
| Sale | Common Stock | 660 | $235.42 | $155K |
| Sale | Common Stock | 5,678 | $236.68 | $1.34M |
| Sale | Common Stock | 1,256 | $237.97 | $299K |
| Sale | Common Stock | 406 | $238.85 | $97K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 477,256 shares (Indirect, By Trust);
Common Stock — 1,012,656 shares (Direct)
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 $235.30 to $236.28, 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 $236.60 to $237.57, 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 $237.66 to $238.35, 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 $238.68 to $239.20, 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 $252.00 to $252.79, 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 price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $253.39 to $253.48, 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 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: 12,000 shares
Direct holdings after trades: 1,005,316 shares
Trust holdings after trades: 476,896 shares
+5 more
8 metrics
Shares sold
12,000 shares
Net open-market sales reported in this Form 4
Direct holdings after trades
1,005,316 shares
MongoDB common stock held directly after April 14, 2026 sales
Trust holdings after trades
476,896 shares
MongoDB common stock held by The Dwight A. Merriman 2012 Trust after April 16, 2026
Charitable foundation holding
79,262 shares
Shares held by Dwight A. Merriman Charitable Foundation; no pecuniary interest
Sale price example (April 16 trust sale)
$252.22 per share
Weighted average price for 3,640-share sale on April 16, 2026
Sale price example (April 16 trust sale)
$253.40 per share
Weighted average price for 360-share sale on April 16, 2026
Sale price example (April 14 direct sale)
$235.42 per share
Weighted average price for 660-share sale on April 14, 2026
Total sale transactions
6 transactions
Non-derivative open-market sales of MongoDB common stock
Key Terms
Rule 10b5-1 trading plan, weighted average price, pecuniary interest, non-derivative, +2 more
6 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 ranging from..."
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": "non-derivative""
indirect ownership financial
"ownership_type": "indirect""
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.
FAQ
What insider transactions did MDB director Dwight A. Merriman report?
Dwight A. Merriman reported selling 12,000 shares of MongoDB common stock in six open-market transactions. The sales occurred on April 14 and 16, 2026, from both his direct holdings and a family trust, under a pre-arranged Rule 10b5-1 trading plan.
What is the role of The Dwight A. Merriman 2012 Trust in the MDB Form 4?
Some sold shares were held by The Dwight A. Merriman 2012 Trust for the benefit of Merriman’s children. The Form 4 classifies these positions as indirect ownership "By Trust," and the sales from this trust are reported as open-market transactions in MongoDB common stock.
How does the Dwight A. Merriman Charitable Foundation feature in this MDB filing?
The filing lists 79,262 MongoDB shares held by the Dwight A. Merriman Charitable Foundation as an indirect holding. Merriman is deemed to have voting and investment power over these shares but, according to the footnote, he has no pecuniary interest in this charitable foundation position.