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

MongoDB Director Charles M. Hazard Jr. sold 999 shares of Class A Common Stock for $310 per share, totaling $309,690, under a pre-arranged 10b5-1 trading plan.

Summary

• Director Charles M. Hazard Jr. of MongoDB, Inc. sold a total of 999 shares of Class A Common Stock.
• The sales occurred on September 2, 2025, at a price of $310 per share.
• The total value of the shares sold was $309,690.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
• Following the transaction, Mr. Hazard directly owns 47,366 shares and indirectly owns 14,493 shares through The Narragansett Bay Childrens Trust.

Sentiment

Score: 5

Explanation: The sale of shares by a director is a routine disclosure for a Form 4. The fact that it was conducted under a Rule 10b5-1 trading plan mitigates any negative sentiment, as it indicates a pre-scheduled transaction rather than a reaction to recent company performance or news.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than a reaction to recent non-public information.

Negatives

• A director selling shares could be perceived negatively by some investors, although the 10b5-1 plan mitigates this concern.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares are held indirectly by The Narragansett Bay Childrens Trust, for which the reporting person is the Trustee. The reporting person disclaims beneficial ownership except for his pecuniary interest.

Stakeholder Impact

• Shareholders may note the director's sale, but the 10b5-1 plan suggests it is not a signal of negative company prospects.

Key Dates

Recommendation

The filing details a routine insider share sale executed under a pre-arranged Rule 10b5-1 trading plan. This type of transaction is generally not indicative of new material information or a change in the company's fundamental outlook, and therefore does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

MongoDB, MDB, Insider Sale, Form 4, Charles M. Hazard Jr., Director, 10b5-1 Plan, Equity Transaction