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

Dwight Merriman, a director at MongoDB, sold shares of Class A Common Stock on February 7th and 10th, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Dwight Merriman, a director of MongoDB, Inc., reported the sale of Class A Common Stock.
• The sales occurred on February 7, 2025, and February 10, 2025.
• On February 7, 2025, 900 shares were sold at $279.01 and 22 shares were sold at $282.25.
• On February 10, 2025, 1,000 shares were sold at $281.62.
• These transactions were executed under a Rule 10b5-1 trading plan.
• Following these transactions, Merriman directly owns 1,112,006 shares and indirectly owns 520,896 shares through a trust and 84,730 shares through the Dwight A. Merriman Charitable Foundation.
• Merriman is deemed to have voting and investment power over shares held by the Dwight A. Merriman Charitable Foundation but has no pecuniary interest in them.
• The shares held by The Dwight A. Merriman 2012 Trust are for the benefit of Merriman's children.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public 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 this concern.

Key Dates

Keywords

Form 4, insider trading, Dwight Merriman, MongoDB, MDB, stock sale, Class A Common Stock, Rule 10b5-1