MDB MongoDB, Inc.

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Executive Summary

Director Dwight Merriman files Form 144 notice of intent to sell 10,000 shares of MongoDB common stock worth approximately $3.5 million. This is a continuation of a recent selling program — Merriman and affiliated trusts have sold ~46,000 shares for ~$10.7 million over the past three months. The filing signals no change in the director's posture, as the pattern of periodic sales is established, and the dollar amount is small relative to MongoDB's $28.5B market cap.

Actionable Insight

Key Facts

• Director Dwight Merriman filed Form 144 to sell 10,000 shares of MDB common stock.
• Estimated proceeds from the planned sale: approximately $3.54 million based on a reported market price of ~$353.78/share.
• Merriman and affiliated trusts have sold ~46,000 shares for ~$10.7M over the prior three months via open-market trades.
• The selling is periodic and follows a pattern established since at least October 2017 when the founding shares were acquired.
• MDB has a $28.5B market cap; the proposed sale represents ~0.01% of outstanding shares.

Financial Impact

Proposed sale of ~$3.5M (0.01% of market cap) by a director as part of an ongoing routine selling program.

Risk Factors

• Insider selling may accelerate if the stock price declines or Merriman increases the pace of sales.
• Continued selling by insiders could weigh on sentiment, especially if other officers begin selling.

Market Snapshot

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

US Market Status