A Form 4 filed with the SEC on August 18, 2026 discloses that Dwight A. Merriman, a director of MongoDB, Inc. (NASDAQ:MDB), sold shares of the company's common stock on August 14 and August 17, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Dwight A. Merriman, listed as a Director of MongoDB, Inc.
  • Rule 10b5-1 plan: All transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
  • August 14 sales (direct): 6,752 shares sold at a weighted average price of $469.81, and 3,248 shares sold at a weighted average price of $472.22.
  • August 17 sales (trust): A total of 6,000 shares sold in seven tranches through The Dwight A. Merriman 2012 Trust, at weighted average prices ranging from $448.98 to $456.36.
  • Remaining direct ownership: 962,953 shares held directly following the August 14 transactions, according to the filing.
  • Remaining trust ownership: 452,896 shares held indirectly through The Dwight A. Merriman 2012 Trust following all August 17 transactions.
  • Charitable Foundation: An additional 79,262 shares are held indirectly by the Dwight A. Merriman Charitable Foundation, over which the reporting person is deemed to have voting and investment power but no pecuniary interest.

Transaction Details: Merriman's Multi-Day Share Sales at MongoDB

According to the filing, Merriman disposed of 10,000 shares directly on August 14, 2026, in two separate transactions. The first involved 6,752 shares sold at a weighted average price of $469.81, with individual transaction prices ranging from $469.50 to $469.86. The second involved 3,248 shares at a weighted average price of $472.22, with prices ranging from $471.39 to $472.36. Following these sales, the filing reports direct beneficial ownership of 962,953 shares.

On August 17, 2026, the filing discloses seven separate sales totaling 6,000 shares held indirectly through The Dwight A. Merriman 2012 Trust, described as being "for the benefit of the Reporting Person's children." Weighted average prices for those tranches ranged from $448.98 to $456.36, with individual transaction price ranges specified for each. After the final August 17 transaction, the filing reports 452,896 shares remaining in the trust.

The filing also notes that 79,262 shares are held by the Dwight A. Merriman Charitable Foundation, a Delaware nonstock nonprofit corporation. The reporting person is described as having voting and investment power over those shares but "no pecuniary interest" in them. The filing was signed by Paul Johnston as attorney-in-fact on August 18, 2026. All transactions were conducted under a Rule 10b5-1 trading plan, the filing states.

What Was Disclosed

The Form 4 discloses that MongoDB director Dwight A. Merriman sold a combined 16,000 shares of common stock on August 14 and August 17, 2026, through direct holdings and a family trust, all under a pre-established Rule 10b5-1 trading plan.