MongoDB CFO Updates Ownership Structure: 11.5k Shares Moved to Trust
MongoDB, Inc.
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Filing Summary
MongoDB CFO Updates Ownership Structure: 11.5k Shares Moved to Trust
Company: MongoDB, Inc. (MDB) Form: 3/A | Filed: 2026-03-19 Significance: Low
Insider: BERRY MICHAEL J Title: Chief Financial Officer | Relationship: Officer
Transaction: • Type: Holding Update (Correction) • Shares: 0 (Correction of nature) • Owned After: 11,500 • Nature: Indirect (By Trust)
Key Insight: Administrative amendment correcting the nature of ownership from Direct to Indirect (Berry Family Trust). No shares were bought or sold.
Market Context: MDB has a market cap of $20.94B. This filing represents 0.014% of shares outstanding.
Comprehensive Analysis
SEC Filing Analysis: MongoDB, Inc. (MDB)
Executive Summary
- Trading Significance: Low
- Key Takeaway: CFO Michael Berry filed an amendment to correct the ownership nature of 11,500 shares, moving them to a family trust.
- Market Impact: Neutral - This is an administrative correction with no change in total beneficial ownership.
Company Information
| Field | Value |
|---|---|
| Company | MongoDB, Inc. |
| Ticker Symbol | MDB |
| CIK | 0001441816 |
| Industry | Services-Prepackaged Software |
Insider Information
| Field | Value |
|---|---|
| Name | BERRY MICHAEL J |
| CIK | 0001269088 |
| Title/Position | Chief Financial Officer |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 3/A (Amendment) |
| Transaction Date | 2026-03-19 |
| Transaction Code | None (Holding Report) |
| Security Type | Common Stock |
| Shares Involved | 0 (Nature Correction) |
| Price Per Share | N/A |
| Total Value | N/A |
| Shares Owned After | 11,500 |
| Ownership Type | Indirect (By Trust) |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $0 (Correction only) |
| % of Market Cap | 0% |
| Shares Transacted | 0 |
| % of Shares Outstanding | 0% |
| Post-Transaction Ownership | 11,500 shares (0.014% of outstanding) |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market cap of $20.94 billion, the insider's total holding (valued at approximately $2.96 million based on implied share price) represents a minor stake.
- Ownership Concentration: The CFO holds approximately 0.014% of the 81.39 million shares outstanding.
- Transaction Significance: This filing is purely administrative. The footnote clarifies that shares previously listed as "Direct" are actually held by "The Berry Family Trust."
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: No shares were bought or sold. The total beneficial ownership remains unchanged; only the legal title (Direct vs. Trust) was updated.
Volume & Sentiment
- Expected Volume Impact: None.
- Sentiment Indicator: Neutral.
Additional Context
Transaction Notes
- Special Circumstances: This is a Form 3/A (Amendment) to an original Form 3 filed on 2025-05-29.
- Footnote Analysis: The filing explicitly states: "This Amendment is being filed to correct the nature of beneficial ownership... due to an administrative error."
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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.
