Form 4: MongoDB Director Dwight A. Merriman Sells Shares Under 10b5-1 Plan

Dwight A. Merriman, a director at MongoDB, Inc., sold 885 shares of Class A Common Stock at a price of $292.05 per share on February 18, 2025, according to a Form 4 filing with the SEC.

Summary

• On February 18, 2025, Dwight A. Merriman, a director of MongoDB, Inc., sold 885 shares of Class A Common Stock.
• The sale was executed at a price of $292.05 per share.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Merriman directly owns 1,112,006 shares of Class A Common Stock.
• Merriman also indirectly owns 83,845 shares through the Dwight A. Merriman Charitable Foundation and 520,896 shares through The Dwight A. Merriman 2012 Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a share sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of 10b5-1 plans allows insiders to sell shares at predetermined times to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan suggests it was pre-planned and not based on current company performance.

Key Dates

Keywords

Form 4, SEC, MongoDB, MDB, Dwight A. Merriman, Share Sale, Director, 10b5-1 Plan, Beneficial Ownership, Class A Common Stock