BOTHA ROELOF 4
Research Summary
AI-generated summary
MongoDB (MDB) Director Roelof Botha Sells Shares
What Happened
Roelof Botha, a director of MongoDB, sold a total of 44,050 shares in open-market transactions on June 2, 2026, generating approximately $17.53 million in proceeds. The sales were reported in five lots with weighted-average prices and reported proceeds: 680 shares at $395.48 ($268,930), 4,225 shares at $397.25 ($1,678,394), 28,889 shares at $397.99 ($11,497,571), 9,856 shares at $398.74 ($3,929,980), and 400 shares at $399.82 (~$159,928). These were outright sales (S), not purchases or option exercises.
Key Details
- Transaction date: June 2, 2026. Form 4 filed: June 4, 2026 (timely within the usual two-business-day window).
- Reported lots:
- 680 sh @ $395.48 — $268,930 (F1; prices ranged $395.20–$396.04)
- 4,225 sh @ $397.25 — $1,678,394 (F2; prices ranged $396.50–$397.495)
- 28,889 sh @ $397.99 — $11,497,571 (F3; prices ranged $397.50–$398.49)
- 9,856 sh @ $398.74 — $3,929,980 (F4; prices ranged $398.51–$399.47)
- 400 sh @ $399.82 — $159,928 (F5; prices ranged $399.65–$399.92)
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Notable footnotes: Each reported price is a weighted-average; footnotes (F1–F5) give the intrarange trade prices and state the reporting person will provide a breakdown on request.
- No 10b5‑1 plan, option exercise, gift, or tax‑withholding details were disclosed in the provided excerpt.
Context
These were open-market sales (dispositions), which are routine insider activity and do not by themselves indicate company performance or management’s view. Purchases tend to be more informative about insider sentiment; sales can reflect diversification, liquidity needs, or routine disposition of held shares. The filing appears timely (filed two days after the trades).