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MongoDB, Inc.·4

Feb 17, 4:14 PM ET

MERRIMAN DWIGHT A 4

Research Summary

AI-generated summary

Updated

MongoDB (MDB) Director Dwight Merriman Sells 17,200 Shares

What Happened

  • Dwight A. Merriman, a director of MongoDB, sold a total of 17,200 shares in a series of open‑market transactions between Feb 12 and Feb 17, 2026, generating approximately $6.18 million in proceeds.
  • Transactions reported (shares @ price = proceeds): Feb 12 — 4,168 @ $364.64 = $1,519,820; 195 @ $365.94 = $71,358; 1,000 @ $367.08 = $367,080; 637 @ $368.00 = $234,416. Feb 13 — 5,000 @ $353.35 = $1,766,750; 768 @ $355.36 = $272,916; 2,142 @ $356.58 = $763,794; 2,090 @ $358.06 = $748,345. Feb 17 — 1,200 @ $364.00 = $436,800.
  • These are sales (not purchases or option exercises) and, per the filing, many of the trades were executed under a pre‑arranged Rule 10b5‑1 trading plan.

Key Details

  • Transaction dates: Feb 12, Feb 13 and Feb 17, 2026. Prices clustered in the mid‑$350s to high‑$360s; several entries report weighted average prices with narrower subranges (see filing footnotes).
  • Total shares sold: 17,200; total proceeds: ≈ $6.18 million.
  • Post‑transaction holdings: not included in the summary data provided here—see the filed Form 4 for Merriman’s beneficial ownership after these sales.
  • Notable footnotes: F1 states transactions were pursuant to a Rule 10b5‑1 plan. Other footnotes note weighted‑average pricing details, that some shares are held in the Dwight A. Merriman 2012 Trust (for his children), and that Merriman is deemed to have voting/investment power over shares held by the Dwight A. Merriman Charitable Foundation but has no pecuniary interest.
  • Filing timeliness: Form filed Feb 17, 2026; based on the trade dates and filing date this appears to be timely.

Context

  • Sales executed under a 10b5‑1 plan are typically pre‑scheduled and do not necessarily reflect an insider’s current view of the company; they are commonly used for routine diversification or liquidity.
  • For retail investors, purchases generally carry more direct informational value than routine sales; these filings are factual disclosures and do not by themselves indicate company prospects or insider confidence.