MongoDB Director Charles Hazard Sells $208K in Common Stock Under 10b5-1 Plan

Executive Summary

On November 2, 2026, MongoDB, Inc. ($MDB) Director Charles M. Hazard Jr. executed a sale of 595 shares of Common Stock at an average price of $350.46 per share, generating gross proceeds of approximately $208,524. The transaction was conducted under a pre-established Rule 10b5-1 trading plan.

Transaction Breakdown

• Security: Common Stock
• Transaction Code: S (Open-market sale)
• Shares Disposed: 595
• Execution Price: $350.46
• Total Transaction Value: $208,523.70
• Direct Shares Owned Following Transaction: 44,642
• Indirect Holdings: 13,995 shares held by The Narragansett Bay Childrens Trust and 17,500 shares held by a family limited partnership.

Significance & Market Context

This transaction carries Low market significance. The sale of 595 shares represents less than 1% of Hazard's combined direct and indirect holdings (totalling over 76,000 shares post-transaction). Additionally, the transaction was executed pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating programmatic liquidity rather than a discretionary trading decision based on near-term corporate developments.