MongoDB (NASDAQ: MDB) director, trust and foundation report stock sales
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported multiple sales of MongoDB common stock in mid-January 2026, largely under a pre-arranged Rule 10b5-1 trading plan. On January 13, 2026, 6,000 shares were sold at $417.73 per share, held indirectly through The Dwight A. Merriman 2012 Trust for the benefit of his children, leaving 490,896 shares in that trust. On January 14, 2026, several open-market sales totaling multiple transactions were reported at weighted-average prices between $404.26 and $409.38, with 1,031,316 shares then held directly. On January 15, 2026, 1,139 shares were sold at $388.31 by the Dwight A. Merriman Charitable Foundation, which held 81,652 shares afterward; Merriman is deemed to have voting and investment power over those shares but no pecuniary interest.
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FAQ
What insider activity at MongoDB (MDB) is disclosed in this Form 4?
The filing reports that director Dwight A. Merriman and related entities completed multiple open-market sales of MongoDB common stock on January 13–15, 2026, at prices ranging from $388.31 to $417.73 per share.
Were the MongoDB (MDB) stock sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states that the transactions were pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, indicating they were pre-arranged under that rule.
How many MongoDB (MDB) shares did the trust associated with Dwight A. Merriman sell?
On January 13, 2026, The Dwight A. Merriman 2012 Trust sold 6,000 shares of MongoDB common stock at $417.73 per share and held 490,896 shares afterward.
What direct MongoDB (MDB) holdings did Dwight A. Merriman report after the January 14, 2026 sales?
Following several sales on January 14, 2026 at weighted-average prices between $404.26 and $409.38, the reporting person showed 1,031,316 shares of MongoDB common stock held directly.
What role does the Dwight A. Merriman Charitable Foundation play in these MongoDB (MDB) transactions?
On January 15, 2026, the Dwight A. Merriman Charitable Foundation sold 1,139 shares at $388.31 per share and held 81,652 shares afterward. A footnote explains that it is a Delaware nonstock nonprofit corporation, and the reporting person is deemed to have voting and investment power but no pecuniary interest in these shares.
How were the sale prices for the January 14, 2026 MongoDB (MDB) trades calculated?
For several January 14 transactions, the filing reports weighted average sales prices, with underlying trades executed in ranges such as $403.80 to $404.71 and $409.36 to $409.63. The reporting person undertakes to provide full breakdowns upon request.