MongoDB (MDB) director sells shares and receives new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dwight A. Merriman reported mixed equity activity in company stock. He sold 1,130 shares of common stock in an open-market transaction at $334.25 per share and received a grant of 767 restricted stock units under the non-employee director compensation policy.
The sale was executed pursuant to a Rule 10b5-1 trading plan previously adopted by Merriman. Following these direct transactions, he holds 984,083 shares of MongoDB common stock directly. Indirectly, 79,262 shares are held by the Dwight A. Merriman Charitable Foundation, over which he has voting and investment power but no pecuniary interest, and 464,896 shares are held by The Dwight A. Merriman 2012 Trust for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,130 shares ($377,703)
Net Sell
4 txns
Insider
MERRIMAN DWIGHT A
Role
null
Sold
1,130 shs ($378K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 767 | $0.00 | -- |
| Sale | Common Stock | 1,130 | $334.25 | $378K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 984,083 shares (Direct, null);
Common Stock — 464,896 shares (Indirect, By Trust)
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. The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. 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
Shares sold: 1,130 shares
Sale price: $334.25/share
RSUs granted: 767 units
+3 more
6 metrics
Shares sold
1,130 shares
Open-market sale of MongoDB common stock on June 30, 2026
Sale price
$334.25/share
Price per share for the 1,130-share sale
RSUs granted
767 units
Restricted stock units under non-employee director compensation policy
Direct holdings after transactions
984,083 shares
Direct MongoDB common stock held after June 30, 2026 transactions
Charitable foundation holdings
79,262 shares
Shares held by Dwight A. Merriman Charitable Foundation
Trust holdings for children
464,896 shares
Shares held by The Dwight A. Merriman 2012 Trust
Key Terms
Rule 10b5-1 trading plan, restricted stock units, non-employee director compensation policy, pecuniary interest
4 terms
Rule 10b5-1 trading plan regulatory
"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.
restricted stock units financial
"Represents restricted stock units issued to the Reporting Person pursuant to the annual equity grant under the Issuer's non-employee director compensation policy."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation policy financial
"issued to the Reporting Person pursuant to the annual equity grant under the Issuer's non-employee director compensation policy."
pecuniary interest financial
"but has no pecuniary interest in these shares."
FAQ
What insider transactions did Dwight A. Merriman report for MongoDB (MDB)?
Dwight A. Merriman reported selling 1,130 shares of MongoDB common stock at $334.25 per share and receiving 767 restricted stock units as part of the non-employee director compensation policy, along with updates to his direct and indirect share holdings.
What new restricted stock units did Dwight A. Merriman receive from MongoDB (MDB)?
Merriman received 767 restricted stock units, each representing one MongoDB common share. These were granted under the non-employee director compensation policy and vest fully on the earlier of the first anniversary of the grant date or the company’s 2027 annual stockholders’ meeting.
What are Dwight A. Merriman’s direct MongoDB (MDB) holdings after these transactions?
After the reported sale and the restricted stock unit grant, Merriman directly holds 984,083 shares of MongoDB common stock. This figure reflects his direct ownership position following the Form 4 transactions on June 30, 2026, as disclosed in the filing.
How are Dwight A. Merriman’s indirect MongoDB (MDB) holdings structured?
Indirectly, 79,262 MongoDB shares are held by the Dwight A. Merriman Charitable Foundation, where he has voting and investment power but no pecuniary interest, and 464,896 shares are held by The Dwight A. Merriman 2012 Trust for the benefit of his children.