Director Dwight A Merriman sells 16.0K shares over two days for $5.2M under 10b5-1 plan
Dwight A Merriman, a Director at MongoDB, Inc., executed 13 separate sales totaling 16,000 shares for $5,180,466.64 across July 14–16, 2026, reducing his holdings by 3.4% to 458.9K shares. The sales occurred at prices ranging from $316.52 to $333.42, with a blended average of $323.78, against a current stock price of $328.60. Critically, this transaction is part of a pre-arranged 10b5-1 trading plan, meaning the timing and size were scheduled in advance rather than discretionary. His prior five sales at MongoDB all resulted in negative 30-day returns (ranging from -2.4% to -4.6%), and his cross-ticker track record shows 20 prior sells with a +7.5% average 30-day return, suggesting mixed execution outcomes at this specific ticker. The company remains unprofitable on an annual basis despite 22.8% annual revenue growth and a $26.4B market cap, which provides context for the share disposition but does not alter the fact that the sale was mechanically executed per a pre-set plan.