MERRIMAN DWIGHT A 4

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.