Form 4: MongoDB COO and CFO, Michael Gordon, Executes Stock Option and Sells Shares

MongoDB's COO and CFO, Michael Gordon, exercised stock options and sold a portion of his holdings on November 14, 2024, under a pre-arranged trading plan.

Summary

• Michael Gordon, the COO and CFO of MongoDB, Inc., executed a stock option to acquire 5,000 shares of Class A Common Stock at $6.50 per share on November 14, 2024.
• On the same day, Mr. Gordon sold a total of 5,000 shares of Class A Common Stock in multiple transactions at weighted average prices ranging from $291.50 to $301.00 per share.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Mr. Gordon directly owns 80,307 shares of Class A Common Stock and indirectly owns 4,000 shares through his spouse and children.
• He also holds 113,859 derivative securities in the form of employee stock options.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity 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, which is common for executives of publicly traded companies. The use of a 10b5-1 plan indicates that the transactions were pre-planned and not based on any material non-public information.

Comparison to Industry Standards

• The use of a Rule 10b5-1 trading plan is a common practice among executives at publicly traded companies like MongoDB, similar to practices at companies such as Amazon, Google, and Microsoft.
• The reported transactions are typical for executives who receive stock options as part of their compensation packages.
• The price range of the stock sales is consistent with the market price of MongoDB stock at the time of the transactions.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but the pre-planned nature of the sales should mitigate any significant negative impact.
• The transactions do not have a direct impact on employees, customers, or suppliers.

Key Dates

Keywords

MongoDB, MDB, Michael Gordon, stock options, insider trading, Rule 10b5-1, Class A Common Stock, SEC Form 4, executive compensation