MongoDB Director Sells $3.1M in Stock via 10b5-1 Plan
MongoDB, Inc.
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Filing Summary
MongoDB Director Sells $3.1M in Stock via 10b5-1 Plan
Company: MongoDB, Inc. (MDB) Form: 4 | Filed: 2026-03-17 Significance: Low
Insider: MERRIMAN DWIGHT A Title: Director | Relationship: Director
Transaction: • Type: Sale (10b5-1 Plan) • Shares: 12,000 • Price: ~$260.32 (Avg) • Value: $3,123,799 • Owned After: 1,573,474
Key Insight: Director executes a pre-planned sale of $3.1M, representing less than 0.02% of the company's market cap. Retains significant ownership (~1.9%).
Market Context: Transaction is routine and pre-scheduled, occurring within a $20.94B market cap company.
Comprehensive Analysis
SEC Filing Analysis: MongoDB, Inc. (MDB)
Executive Summary
- Trading Significance: Low
- Key Takeaway: Director Dwight Merriman sold approximately $3.1M in stock via a Rule 10b5-1 trading plan, representing a negligible percentage of market cap.
- Market Impact: Neutral - The transaction is pre-planned and represents a tiny fraction of liquidity.
Company Information
| Field | Value |
|---|---|
| Company | MongoDB, Inc. |
| Ticker Symbol | MDB |
| CIK | 0001441816 |
| Industry | Services-Prepackaged Software |
Insider Information
| Field | Value |
|---|---|
| Name | MERRIMAN DWIGHT A |
| CIK | 0001237858 |
| Title/Position | Director |
| Relationship | Director |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2026-03-13 |
| Transaction Code | S (Sale) |
| Security Type | Common Stock |
| Shares Involved | 12,000 |
| Price Per Share | ~$260.32 (Weighted Avg) |
| Total Value | $3,123,799 |
| Shares Owned After | 1,573,474 (Direct + Indirect) |
| Ownership Type | Direct & Indirect (Trust/Foundation) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $3,123,799 |
| % of Market Cap | 0.015% |
| Shares Transacted | 12,000 |
| % of Shares Outstanding | 0.015% |
| Post-Transaction Ownership | 1,573,474 shares (1.93% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $20.94 billion, a $3.1M sale is financially immaterial to the stock's liquidity.
- Ownership Concentration: The insider retains a robust 1.93% stake in the company, aligning interests with shareholders.
- Transaction Significance: Both the value and share count percentages are well below the 0.1% threshold for significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale was conducted under a Rule 10b5-1 trading plan (Footnote 1), indicating it was scheduled in advance and not based on current material non-public information.
Volume & Sentiment
- Expected Volume Impact: Negligible.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Special Circumstances: Transactions were executed pursuant to a Rule 10b5-1 trading plan. Sales occurred across multiple batches and price points ranging from ~$258 to ~$263.
- Holdings: The insider holds shares directly, via a Trust for children, and via a Charitable Foundation.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.