Form 4: MongoDB Director Dwight Merriman Sells 3,000 Shares Under 10b5-1 Plan

Dwight Merriman, a director at MongoDB, Inc., sold 3,000 shares of Class A Common Stock on February 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On February 3, 2025, Dwight A. Merriman, a director of MongoDB, Inc., sold 3,000 shares of Class A Common Stock at a price of $266 per share.
• The sale was executed under a Rule 10b5-1 trading plan.
• Following the transaction, Merriman directly owns 1,113,006 shares of Class A Common Stock.
• Merriman also indirectly owns 85,652 shares through the Dwight A. Merriman Charitable Foundation and 520,896 shares through The Dwight A. Merriman 2012 Trust.
• Paul Johnston, Attorney-in-Fact, signed the report on February 5, 2025.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Form 4, MongoDB, Dwight Merriman, Class A Common Stock, 10b5-1 trading plan, Director, Share Sale