MERRIMAN DWIGHT A 4
4 · MongoDB, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
MongoDB (MDB) Director Dwight A. Merriman Sells Shares, Receives Award
What Happened
- Dwight A. Merriman, a MongoDB (MDB) director, reported two transactions on 2026-06-30: an open-market sale of 1,130 shares at $334.25 each for net proceeds of $377,703, and a grant of 767 restricted stock units (RSUs) with a $0 purchase price (value realized later upon vesting).
- The RSUs represent a contingent right to one share each and will vest in full on the earlier of the first anniversary of the grant or the issuer’s 2027 annual meeting, subject to continued service.
Key Details
- Transaction dates: 2026-06-30; Form 4 filed: 2026-07-02 (Accession 0001628280-26-046993).
- Sale: 1,130 shares disposed at $334.25 per share = $377,703 total.
- Award: 767 RSUs granted at $0.00 (vest per footnote F1).
- Shares owned after the transaction: Not disclosed in the information provided.
- Notable footnotes:
- F1: RSUs granted under the non-employee director compensation policy; vest as described above.
- F2: The sale was made pursuant to a Rule 10b5-1 trading plan (pre-arranged sale plan).
- F3: Some shares are held by The Dwight A. Merriman 2012 Trust for his children’s benefit.
- F4: The Dwight A. Merriman Charitable Foundation holds shares over which he has voting/investment power but no pecuniary interest.
Context
- The RSU grant is an award that vests in the future and does not represent an immediate cash purchase—value is realized only upon vesting and delivery of shares.
- The sale was executed under a Rule 10b5-1 plan, indicating it was made according to a pre-established plan rather than an ad-hoc decision; such plans are commonly used to avoid timing concerns around insider trades.
Insider Transaction Report
Form 4
MERRIMAN DWIGHT A
Director
Transactions
- Award
Common Stock
[F1]2026-06-30+767→ 984,083 total - Sale
Common Stock
[F2]2026-06-30$334.25/sh−1,130$377,703→ 982,953 total
Holdings
- 464,896(indirect: By Trust)
Common Stock
[F3] - 79,262(indirect: By Foundation)
Common Stock
[F4]
Footnotes (4)
- [F1]Represents restricted stock units issued to the Reporting Person pursuant to the annual equity grant under the Issuer's non-employee director compensation policy. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer and has no expiration date. The shares underlying the restricted stock unit award shall vest in full on the earlier of (i) the first anniversary of the grant date and (ii) the date of the Issuer's 2027 annual stockholders' meeting, subject to the Reporting Person providing continuous service to the Issuer through such date.
- [F2]The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- [F3]These shares are held by The Dwight A. Merriman 2012 Trust for the benefit of the Reporting Person's children.
- [F4]The Dwight A. Merriman Charitable Foundation is a Delaware nonstock nonprofit corporation. The Reporting Person is deemed to have voting and investment power over the shares of MongoDB, Inc. Common Stock held by the Dwight A. Merriman Charitable Foundation, but has no pecuniary interest in these shares.
Signature
/s/ Gahee Lee, Attorney in Fact|2026-07-02