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

Director Dwight Merriman sold MongoDB Class A Common Stock in multiple transactions executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Dwight A. Merriman, a director at MongoDB, Inc., reported the sale of Class A Common Stock on April 1, 2024, and April 3, 2024.
• The sales were executed under a Rule 10b5-1 trading plan.
• On April 1, 2024, 110 shares were sold at an average price of $361.86, and 890 shares were sold at an average price of $363.15.
• On April 3, 2024, multiple transactions occurred, selling 1,271 shares at an average price of $339.46, 854 shares at $340.13, 561 shares at $341.27, and 1,314 shares at $343.32.
• Following these transactions, Merriman directly owns 1,156,784 shares and indirectly owns 523,896 shares through a trust and 95,000 shares through the Dwight A. Merriman Charitable Foundation.

Sentiment

Score: 5

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

Industry Context

Sales by insiders are a common occurrence and are often pre-planned, especially when executed under Rule 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although sales under 10b5-1 plans are generally viewed as routine.

Key Dates