MongoDB Director Dwight Merriman Sells $6.71M in Common Stock Under Rule 10b5-1 Plan

Transaction Summary

On November 2, 2026, Dwight A. Merriman, Director and Co-Founder of MongoDB, Inc. ($MDB), executed multiple sales of Common Stock totaling 19,275 shares for an aggregate transaction value of $6,709,242.21 at weighted average prices ranging between $339.90 and $351.19 (blended average of ~$348.08 per share).

Breakdown of Dispositions

1. Direct Holdings:

   • Shares Sold: 10,000 shares across 5 transactions
   • Total Value: $3,489,248.97
   • Remaining Direct Ownership: 942,953 shares

2. Indirect Holdings (The Dwight A. Merriman 2012 Trust):

   • Shares Sold: 3,000 shares across 2 transactions
   • Total Value: $1,050,984.57
   • Remaining Indirect Ownership: 445,896 shares

3. Indirect Holdings (Dwight A. Merriman Charitable Foundation):

   • Shares Sold: 6,275 shares across 10 transactions
   • Total Value: $2,169,008.67
   • Remaining Indirect Ownership: 72,987 shares (Reporting Person disclaims pecuniary interest)

Context & Significance

• 10b5-1 Trading Plan: All sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan, indicating scheduled diversification rather than opportunistic market timing.
• Remaining Position: Following these transactions, Merriman continues to maintain substantial economic exposure to MongoDB, holding over 1.38 million shares between his direct holdings and family trust (worth over $480 million at transaction prices).
• Market Impact: The total volume sold represents approximately 1.3% of Merriman's aggregate holdings and a minimal fraction of MongoDB's daily trading volume, conferring a Medium overall significance rating driven primarily by transaction dollar amount rather than sentiment shifts.