MongoDB (MDB) director Hope Cochran sells 1,566 shares after exercising options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Hope F. Cochran exercised stock options and sold a portion of the resulting shares. Cochran exercised options to acquire 3,917 shares of common stock at $7.58 per share, then sold 1,566 shares of common stock at an average price of $249.33 per share. The filing states that the sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by Cochran. Following these transactions, Cochran directly owns 28,010 shares of MongoDB common stock, indicating that most of the exercised shares were retained.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,566 shares ($390,451)
Net Sell
3 txns
Insider
Cochran Hope F
Role
Director
Sold
1,566 shs ($390K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 3,917 | $0.00 | -- |
| Sale | Common Stock | 1,566 | $249.33 | $390K |
| Exercise | Common Stock | 3,917 | $7.58 | $30K |
Holdings After Transaction:
Stock Option (Right to Buy) — 3,916 shares (Direct);
Common Stock — 24,093 shares (Direct)
Footnotes (1)
- The transaction was pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. Immediately exercisable and fully vested.
Key Figures
Shares sold: 1,566 shares
Sale price: $249.33 per share
Options exercised: 3,917 shares
+2 more
5 metrics
Shares sold
1,566 shares
Common stock sold in open-market transaction
Sale price
$249.33 per share
Average price for 1,566 MongoDB shares sold
Options exercised
3,917 shares
Shares acquired via stock option exercise
Option exercise price
$7.58 per share
Exercise price of stock options converted to common shares
Shares held after transactions
28,010 shares
Direct MongoDB common stock ownership post-transaction
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy), derivative security, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was 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.
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
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 Hope F. Cochran report for MongoDB (MDB)?
Hope F. Cochran reported exercising options and selling some MongoDB shares. She exercised options for 3,917 shares at $7.58 each and sold 1,566 shares at an average price of $249.33, while retaining the majority of the acquired stock.
What stock options did Hope F. Cochran exercise in this MongoDB (MDB) filing?
Hope F. Cochran exercised stock options covering 3,917 underlying shares of MongoDB common stock. These options had an exercise price of $7.58 per share and were described as immediately exercisable and fully vested in the filing footnotes.
What is the significance of the $7.58 exercise price in the MongoDB (MDB) Form 4?
The $7.58 figure is the exercise price of the stock options Cochran converted into 3,917 shares. It represents the cost per share she paid to exercise the options, which is typically much lower than the prevailing market sale price.