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 $311.88 per share under a pre-arranged trading plan.

Summary

• Charles M. Hazard Jr., a Director of MongoDB, Inc. (MDB), reported the sale of Class A Common Stock.
• The transaction involved the disposition of 833 shares held directly and 166 shares held indirectly through The Narragansett Bay Childrens Trust.
• All shares were sold at a price of $311.88 per share on October 1, 2025.
• The sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. Hazard Jr.
• Following these transactions, Mr. Hazard Jr. directly beneficially owns 46,533 shares and indirectly beneficially owns 14,327 shares via the Trust.
• Mr. Hazard Jr. disclaims beneficial ownership of the shares owned by the Trust except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The filing reports a pre-scheduled insider stock sale under a Rule 10b5-1 plan, which is a routine disclosure and generally considered neutral. The transaction size is not significant enough to imply strong positive or negative sentiment regarding the company's prospects.

Negatives

• A Director of the company, Charles M. Hazard Jr., reduced his beneficial ownership by selling 999 shares of Class A Common Stock.

Future Outlook

N/A This Form 4 filing reports an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• N/A The filing contains a signature from an attorney-in-fact but no direct management comments or quotes.

Industry Context

N/A This Form 4 filing reports an individual insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• 166 shares were sold indirectly through The Narragansett Bay Childrens Trust, where the reporting person is the Trustee.

Stakeholder Impact

• Shareholders may note a slight reduction in insider ownership, though the pre-planned nature of the sale under Rule 10b5-1 typically mitigates concerns about management's immediate outlook on the company.

Key Dates

Recommendation

The filing details a pre-scheduled sale of a relatively small number of shares by a director under a Rule 10b5-1 trading plan. Such transactions are typically for personal financial planning and do not usually indicate a change in the company's fundamental prospects or warrant a shift in investment recommendation. Therefore, a 'hold' recommendation is maintained, as this specific filing does not provide new information to alter the investment thesis.

Keywords

MongoDB, MDB, Insider Trading, Form 4, Stock Sale, Director, 10b5-1 Plan, Equity Transaction