MongoDB, Inc.·4

May 18, 5:02 PM ET

MERRIMAN DWIGHT A 4

Research Summary

AI-generated summary

Updated

MongoDB Director Dwight Merriman Sells 16,000 Shares

What Happened

  • Dwight A. Merriman, a director of MongoDB, sold a total of 16,000 shares of MongoDB common stock in open-market/private sales executed on May 14, 2026 (10,000 shares) and May 18, 2026 (6,000 shares).
  • Proceeds were about $4,869,797 in aggregate (roughly $2.98M on 5/14 and $1.89M on 5/18). Individual trade prices were reported as weighted averages across multiple executions, with reported per-share prices ranging roughly from ~$292.80 up to $324.16.

Key Details

  • Transaction dates: May 14, 2026 (10,000 shares) and May 18, 2026 (6,000 shares).
  • Aggregate shares sold: 16,000; aggregate proceeds: ~$4.87 million.
  • Price detail: multiple weighted-average prices reported; specific ranges for groups of shares are noted in the filing (e.g., ~$292.80–$324.16 across trades). The filing includes footnotes with the exact intra-range prices and offers to provide the breakdown on request.
  • Plan/authorization: Trades were made pursuant to a Rule 10b5-1 trading plan (footnote F1).
  • Holdings after sale: Not specified in the excerpt you provided.
  • Other footnotes: Some shares referenced are held in The Dwight A. Merriman 2012 Trust for the benefit of his children (F13). The Dwight A. Merriman Charitable Foundation holds shares over which he is deemed to have voting and investment power but no pecuniary interest (F18).
  • Filing/timeliness: Form 4 was filed on May 18, 2026 (period of report May 14, 2026). Based on the trade and file dates, these filings appear to have been made within the usual Form 4 reporting window.

Context

  • These were outright sales (S code) — routine insider sales are common for liquidity or diversification and do not, by themselves, indicate the director’s view of the company. Because trades were executed under a pre-established 10b5-1 plan, timing was likely automated per that plan’s terms.
  • The filing uses weighted-average prices and footnotes that allow the reporter to supply per-trade breakdowns on request; retail investors who want the per-execution prices can request the details from the company or SEC staff as noted in the filing.