MongoDB Co-Founder Dwight Merriman Sells Millions in Shares

MongoDB, Inc. (NASDAQ: MDB) co-founder and director Dwight A. Merriman disclosed that he sold a portion of his shares on the open market in two tranches—between January 13 and 15 and again on February 2—under a pre-arranged 10b5-1 trading plan. According to the filing, Merriman and related accounts, including a family trust and a charitable foundation, liquidated roughly 17,000 shares in mid-January, generating about $7 million (approximately KRW 9 billion). On February 2, he sold an additional stake valued at around $440,000 (approximately KRW 600 million). Following these transactions, Merriman’s direct holdings fell to about 80,000 shares, but when indirect holdings through his foundation and family trust are included, he still holds over 1.5 million shares.

In its third quarter of fiscal 2026, MongoDB reported revenue of $628.3 million, up 19% year-over-year. Revenue from its cloud database service Atlas grew 30%, accounting for 75% of total revenue. The company’s strong growth led it to raise its full-year guidance. (Source: PR Newswire)

Founded in 2007 and headquartered in New York, MongoDB, Inc. is a software company whose document-oriented database, MongoDB, enables storage and processing of unstructured data. Leveraging this core technology, its cloud service Atlas has attracted enterprise customers around the globe. Dwight Merriman, a serial entrepreneur who co-founded DoubleClick and Business Insider, has served as a co-founder and director of MongoDB and has been deeply involved in the company’s technology and governance since its inception. (Sources: Wikipedia; MongoDB Investor Relations)