Dir. Ittycheria sold 40,000 MDB shares (19.8% of holdings) for $15.3M on 2026-06-04 at blended avg $383.16
Dev Ittycheria, Director of MongoDB, executed 8 separate sales totaling 40,000 shares for $15,326,486.95 on 2026-06-04, reducing his stake from 201.8K to 161.8K shares. The transaction occurred at a blended average price of $383.16, well above the current price of $352.56 (-20.7% from the 52-week high of $444.72). Notably, his prior 5 trades at MongoDB all produced positive 90-day returns (ranging from 5.8% to 9.2%), with 0 of 5 being well-timed (stock rose after each sale, not fell), and his cross-ticker track record shows a 0.00% well-timed rate across 20 prior sells despite average 90-day gains of 19.8%. This large, multi-tranche liquidation—representing nearly one-fifth of his holdings—occurs as the company is unprofitable on a full-year basis despite 22.8% annual revenue growth, against a backdrop of the stock trading 20.7% below its 52-week peak but up 17.7% over the past 30 days.