Form 4: MongoDB Chief Revenue Officer Sells 965 Shares Under 10b5-1 Trading Plan

MongoDB's Chief Revenue Officer, Cedric Pech, sold 965 shares of Class A Common Stock at $300 per share on November 13, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Cedric Pech, the Chief Revenue Officer of MongoDB, Inc., sold 965 shares of Class A Common Stock.
• The sale occurred on November 13, 2024, at a price of $300 per share.
• This transaction was executed under a pre-established Rule 10b5-1 trading plan.
• Following the transaction, Mr. Pech directly owns 31,482 shares of MongoDB's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for an insider stock sale under a pre-arranged plan, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates the sale was pre-planned and not based on any non-public information.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are a common practice across publicly traded companies, including technology firms like MongoDB.
• These plans allow executives to sell shares without being accused of insider trading, as the sales are pre-scheduled.
• Similar filings are regularly seen from executives at companies like Amazon, Google, and Microsoft.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

MongoDB, MDB, insider trading, Form 4, 10b5-1, stock sale, executive, Cedric Pech, Chief Revenue Officer