MERRIMAN DWIGHT A 4

What Happened

• Dwight A. Merriman, a director of MongoDB, sold a total of 12,000 shares in multiple open-market/private transactions on March 13 and March 16, 2026, producing aggregate proceeds of approximately $3,123,799.
• Individual transactions included sales of 1,768 shares @ $258.45 ($456,940), 1,665 shares @ $259.99 ($432,883), 3,967 shares @ $260.34 ($1,032,769), 600 shares @ $261.73 ($157,038), 3,690 shares @ $260.89 ($962,684), 40 shares @ $261.95 ($10,478) and 270 shares @ $262.99 ($71,007).
• These were dispositions (sales), which are generally routine liquidity events rather than an explicit bullish signal.

Key Details

• Transaction dates: March 13, 2026 and March 16, 2026; Form 4 filed March 17, 2026 (no late filing flag noted).
• Total shares sold: 12,000; total proceeds: ~$3.12 million.
• Reported prices are weighted averages; the filing discloses sale price ranges across the trades (approx. $258.09–$263.84 depending on the lot).
• The sales were made pursuant to a pre-established Rule 10b5-1 trading plan (per filing).
• Some shares sold were held in The Dwight A. Merriman 2012 Trust (for his children); Merriman is also deemed to have voting/investment power over shares held by the Dwight A. Merriman Charitable Foundation but has no pecuniary interest.

Context

• 10b5-1 plans are pre-arranged trading programs that allow insiders to sell shares at predetermined times or formulas; trades under such plans are commonly viewed as pre-planned liquidity rather than opportunistic reactions to inside information.
• Sales reduce the insider’s holdings (ownership after the transactions was not stated in the excerpt provided). For retail investors, purchases usually carry more weight as a signal of confidence; routine sales like these are often for diversification, tax, or personal-liquidity reasons and should be interpreted cautiously.