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

MongoDB Director Charles M. Hazard Jr. sold 999 shares of common stock for $383.72 per share under a pre-arranged 10b5-1 trading plan.

Summary

• MongoDB Director Charles M. Hazard Jr. reported the sale of common stock.
• The transaction occurred on November 3, 2025.
• A total of 999 shares were sold at a price of $383.72 per share.
• This total includes 833 shares sold directly and 166 shares sold indirectly through The Narragansett Bay Childrens Trust.
• The sales were executed pursuant to a Rule 10b5-1 trading plan.
• Following these transactions, Charles M. Hazard Jr. beneficially owns 45,700 shares directly and 14,161 shares indirectly through the Trust.

Sentiment

Score: 5

Explanation: Director Charles M. Hazard Jr. sold shares under a pre-arranged 10b5-1 plan, which is a routine transaction for diversification and liquidity, but represents a reduction in insider ownership.

Positives

• The transaction was executed pursuant to a Rule 10b5-1 trading plan, indicating a pre-scheduled sale not based on immediate, non-public information.

Negatives

• Director Charles M. Hazard Jr. reduced his direct beneficial ownership by 833 shares and indirect beneficial ownership by 166 shares, totaling 999 shares.
• The sale represents a reduction in insider ownership, which some investors may interpret as a decrease in alignment with shareholder interests, although mitigated by the 10b5-1 plan.

Related Party Transactions

• 166 shares were sold indirectly through The Narragansett Bay Childrens Trust, where the Reporting Person is the Trustee and has voting and dispositive power. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Stakeholder Impact

• Shareholders may note the reduction in insider ownership, which could be viewed neutrally given the 10b5-1 plan, or slightly negatively by those who prefer higher insider holdings.

Key Dates

Keywords

MongoDB, MDB, Form 4, insider trading, stock sale, director, 10b5-1 plan, beneficial ownership