MongoDB Director Charles M. Hazard Jr. Disposes of $216K in Common Stock Under Rule 10b5-1 Plan

MongoDB, Inc. ($MDB) Form 4 Transaction Analysis

Summary

On October 6, 2026, Charles M. Hazard Jr., a member of the Board of Directors of MongoDB, Inc., conducted an open-market sale of 595 shares of Common Stock at an execution price of $363.85 per share. The transaction generated total proceeds of approximately $216,491.

Key Findings

• Pre-scheduled Plan: The disposition was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person, minimizing concerns regarding opportunistic selling or undisclosed material information.
• Transaction Size: The transaction represents a very small portion (approximately 1.3%) of his direct holdings of 45,832 shares prior to the sale.
• Retained Stake: Following the sale, Mr. Hazard retains 45,237 shares directly. Additionally, he holds indirect economic interests in 31,495 shares through The Narragansett Bay Childrens Trust (13,995 shares) and a family limited partnership (17,500 shares).

Trading Significance

This filing is rated Low in terms of market significance due to the modest dollar volume ($216,491), the small percentage of total equity sold, and execution under an affirmative Rule 10b5-1 plan.