Form 4: MongoDB CEO Dev Ittycheria Executes Stock Option and Sells Shares Under 10b5-1 Plan

MongoDB's CEO, Dev Ittycheria, exercised stock options and sold a portion of his Class A Common Stock on January 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On January 28, 2025, Dev Ittycheria, the President and CEO of MongoDB, Inc., executed a stock option to purchase 8,335 shares of Class A Common Stock at a price of $6.50 per share.
• Simultaneously, Ittycheria sold 8,335 shares of Class A Common Stock in a series of transactions at prices ranging from $264.97 to $286.38 per share.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Ittycheria directly owns 217,294 shares of MongoDB's Class A Common Stock.
• He also holds 21,366 derivative securities in the form of employee stock options.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock transactions.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates that these trades were pre-planned and not based on any inside information at the time of the transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests the impact should be minimal and orderly.

Key Dates