MongoDB Director Charles M. Hazard Jr. Files Form 144 to Sell $855K in Common Stock

MongoDB, Inc. ($MDB) Form 144 Analysis

Transaction Overview

Director Charles M. Hazard Jr. filed a Form 144 notice of proposed sale for 2,382 shares of MongoDB, Inc. common stock, representing an aggregate market value of approximately $855,685.86 (~$359.23 per share).

Key Details

• Security: Common Stock
• Nature of Acquisition: Restricted Stock Units (RSUs) vested between July 1, 2020, and June 30, 2026.
• Pre-Arranged Trading Plan: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan adopted on July 7, 2026.
• Broker: Morgan Stanley Smith Barney LLC Executive Financial Services.
• Past 3 Months Activity: No other securities reported sold during the prior 3 months.

Market Impact & Significance

• Trading Significance: Low
• Impact: With MongoDB's outstanding share count exceeding 80.5 million shares, this proposed sale represents a negligible fraction (<0.003%) of total shares outstanding. Furthermore, the sale is governed by a pre-established Rule 10b5-1 trading plan and consists of vested equity compensation, indicating routine portfolio diversification rather than a shift in fundamental sentiment.