Ittycheria Dev 4

What Happened Ittycheria Dev, a director of MongoDB, sold a total of 40,000 shares in multiple open-market transactions on June 4, 2026, generating aggregate proceeds of approximately $15,326,486. The eight reported disposals ranged from 717 to 8,881 shares per lot; each line in the filing reports a weighted-average price for those lots.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (timely filing).
• Total sold: 40,000 shares for total proceeds ≈ $15,326,486.
• Reported weighted-average prices per lot: $380.51, $381.51, $382.49, $383.69, $384.49, $385.43, $386.95, $387.84.
• Price ranges disclosed in footnotes (per-lot multiple trades): overall prices ranged roughly from $380.00 up to $388.12.
• Transaction type: open-market sales (SEC code S).
• Post-transaction ownership: not specified in the excerpt provided.
• No 10b5-1 plan or other automated plan was disclosed in the provided footnotes.

Context These were open-market sales by a company director. For retail investors, purchases by insiders are often considered more informative of bullish conviction; sales can reflect routine liquidity or diversification and do not by themselves indicate a change in company fundamentals. The filing’s footnotes note weighted-average prices and offer to provide per-trade price details upon request to the company, shareholders, or the SEC.