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

MongoDB's Chief Revenue Officer, Cedric Pech, sold 6,805 shares of Class A Common Stock at $350 per share on November 25, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Cedric Pech, the Chief Revenue Officer of MongoDB, Inc., executed a sale of 6,805 shares of Class A Common Stock on November 25, 2024.
• The sale was conducted at a price of $350 per share.
• This transaction was carried out under a pre-established Rule 10b5-1 trading plan.
• Following the transaction, Mr. Pech directly owns 24,677 shares of MongoDB Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information. The sale itself does not necessarily indicate a negative outlook on the company.

Comparison to Industry Standards

• Sales by executives under 10b5-1 plans are common across the tech industry, including companies like Amazon, Google, and Microsoft.
• These plans are designed to allow executives to sell shares without being accused of insider trading, and the volume of shares sold is not unusual for an executive at this level.
• The price of $350 per share is a specific data point for this transaction, and would need to be compared to the market price of MDB at the time of the transaction to assess if it was a fair market value.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is unlikely to have a significant effect given the pre-planned nature of the transaction.

Key Dates

Keywords

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