Director Dwight A. Merriman filed a Form 4 with the SEC on November 4, 2026, disclosing multiple sales of MongoDB, Inc. (NASDAQ:MDB) common stock executed on November 2, 2026, under a Rule 10b5-1 trading plan.

Key Highlights

  • Rule 10b5-1 plan: All transactions reported were made pursuant to a pre-established Rule 10b5-1 trading plan adopted by Merriman.
  • Direct sales: Merriman disposed of shares directly in five separate tranches totaling 10,197 shares, with weighted average prices ranging from $346.40 to $351.19 per share.
  • Trust sales: An additional 3,000 shares held indirectly through The Dwight A. Merriman 2012 Trust were sold in two tranches at weighted average prices of $347.77 and $350.46.
  • Charitable foundation sales: Shares held indirectly through the Dwight A. Merriman Charitable Foundation were sold across multiple tranches, with the foundation's remaining indirect holdings reported at 72,987 shares following all transactions.
  • Remaining direct holdings: Following all reported direct sales, Merriman's direct beneficial ownership stood at 942,953 shares of MongoDB common stock.
  • Remaining trust holdings: Indirect holdings through The Dwight A. Merriman 2012 Trust stood at 445,896 shares following the reported trust sales.

Merriman's Nov. 2 Transactions Across Direct and Indirect Holdings

According to the filing, Dwight A. Merriman, a director of MongoDB, Inc., sold shares of the company's common stock on November 2, 2026, across three categories of beneficial ownership: shares held directly in his own name, shares held indirectly through The Dwight A. Merriman 2012 Trust for the benefit of his children, and shares held indirectly through the Dwight A. Merriman Charitable Foundation. The filing states that all sales were made pursuant to a Rule 10b5-1 trading plan. MongoDB is a database software company whose common stock trades on NASDAQ under the symbol MDB.

For the direct sales, the filing reports five separate transactions on November 2, 2026. These involved 720 shares at a weighted average price of $346.40, 3,963 shares at $347.46, 388 shares at $349.04, 4,846 shares at $350.45, and 83 shares at $351.19. Following all five transactions, Merriman's direct beneficial ownership was reported as 942,953 shares. Each weighted average price reflects sales executed across a range of individual prices; the filing states that full per-price detail is available upon request to the company, any security holder, or SEC staff.

The filing also reports two sales from The Dwight A. Merriman 2012 Trust: 147 shares at a weighted average of $347.77 and 2,853 shares at $350.46, leaving 445,896 shares in that trust. For the Dwight A. Merriman Charitable Foundation, the filing discloses that 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." Multiple foundation tranches were sold at weighted average prices ranging from $339.90 to $350.75, with the foundation's remaining indirect holdings ending at 72,987 shares.

What Was Disclosed

Dwight A. Merriman, a MongoDB director, reported the sale of common stock on November 2, 2026, across direct holdings and two indirect vehicles, all under a pre-established Rule 10b5-1 plan, with the filing submitted on November 4, 2026.