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

Dwight Merriman, a director at MongoDB, Inc., sold 1,380 shares of Class A Common Stock at a price of $292.43 per share on September 17, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 17, 2024, Dwight A. Merriman, a director of MongoDB, Inc., sold 1,380 shares of Class A Common Stock.
• The sale was executed at a price of $292.43 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Merriman directly owns 1,134,006 shares of Class A Common Stock.
• Merriman also indirectly owns 90,448 shares through the Dwight A. Merriman Charitable Foundation and 522,896 shares through The Dwight A. Merriman 2012 Trust.
• The reporting person is deemed to have voting and investment power over the shares of MongoDB, Inc. Class A Common Stock held by the Dwight A. Merriman Charitable Foundation, but has no pecuniary interest in these shares.
• These shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the Reporting Person's children.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates