Monitor whether Merriman executes this 144 notice in the coming weeks. A pattern of co-founder sales at this cadence (eight sales in three months) is worth tracking alongside future earnings and product announcements. If selling accelerates or other executives file, sentiment should become more cautious. For now, the consistent but small-batch sales likely reflect personal liquidity planning given Merriman's founder stake.
Price Chart
Executive Summary
Co-founder and Director Dwight Merriman filed a Form 144 on July 14, 2026, signaling intent to sell 10,000 shares of MongoDB common stock with an approximate market value of $3.2 million at the filing date. This filing is part of a persistent selling pattern: Merriman and his affiliated trust have sold shares in eight separate transactions since mid-April 2026, totaling over 47,000 shares with aggregate proceeds exceeding $15 million. While this specific proposed sale represents a modest fraction of his likely holdings (approximately 0.04% of shares outstanding), the sustained cadence of sales by a co-founder and director warrants attention, though it does not constitute a material negative signal given the liquidity and size relative to market cap.
Key Facts
- Dwight Merriman, MongoDB co-founder and a Director, filed a Form 144 on 2026-07-14 to sell 10,000 shares of common stock.
- Estimated proceeds from this proposed sale: ~$3.2 million based on the filing date price.
- Merriman and his entity DAM 2012 Trust LLC have sold shares in eight transactions since 2026-04-14, with cumulative sales of 47,130 shares and total proceeds of ~$15.23 million.
- The 10,000-share proposed sale represents about 0.014% of MongoDB's ~716 million shares outstanding (est. from market cap).
- The filing lists shares acquired on 2017-10-18 as 'Founders Shares' — original issuance, not option exercises.
Financial Impact
Proposed sale of 10,000 shares valued at ~$3.2 million. Over a 3-month period, Merriman and related trust have sold ~47,130 shares for ~$15.2 million total.
Risk Factors
- Continued insider selling by a co-founder could signal reduced conviction about near-term growth prospects.
- The cumulative 3-month sale total (~$15.2M) is modest against a $27.2B market cap (~0.06%), but the pattern is persistent — escalation would be more concerning.
- No recent insider buying was noted in the market data snapshot to offset the selling pattern.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (MDB) — Batch item 1 | 0001957799-26-000124 |
| Document: 0001957799-26-000124-index.html | 0001957799-26-000124 |
| Document: 0001957799-26-000124.txt | 0001957799-26-000124 |
| 144 Filing (MDB) — Batch item 4 | 0001957799-26-000124 |
| Document: 0001957799-26-000124-index.html | 0001957799-26-000124 |
| Document: 0001957799-26-000124.txt | 0001957799-26-000124 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 8-K | $373.58 $351.73 | ▼ −5.85% | ▼ −5.70% | $356.30 (−4.62%) |
Aug 17, 2026 6w ago | 144 | $438.70 $377.67 | ▼ −13.91% | ▼ −11.93% | $356.30 (−18.78%) |
Aug 14, 2026 7w ago | 144 | $460.33 $382.29 | ▼ −16.95% | ▼ −14.96% | $356.30 (−22.60%) |
Aug 4, 2026 8w ago | Press Release | $380.04 $432.95 | ▲ +13.92% | ▲ +15.16% | $356.30 (−6.25%) |
Jul 16, 2026 11w ago | 144 | $328.60 $472.29 | ▼ −43.73% | ▼ −40.11% | $356.30 (−8.43%) |
Jul 14, 2026 11w ago | 144 | $344.67 $439.16 | ▲ +27.41% | ▲ +24.92% | $356.30 (+3.37%) |
Jul 2, 2026 13w ago | Insider Cluster | $354.88 $325.88 | ▼ −8.17% | ▼ −7.76% | $356.30 (+0.40%) |
Jul 2, 2026 13w ago | Insider Cluster | $354.88 $325.88 | ▼ −8.17% | ▼ −7.76% | $356.30 (+0.40%) |
Jun 30, 2026 13w ago | 144 | $335.90 $309.71 | ▼ −7.80% | ▼ −6.77% | $356.30 (+6.07%) |
Jun 17, 2026 15w ago | Insider Cluster | $332.75 $328.60 | ▼ −1.25% | ▼ −1.78% | $356.30 (+7.08%) |
US Market Status
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