MongoDB Inc
For the period ended Oct 31, 2024. Filed Dec 10, 2024.
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Oct 31, 2024 · Filed Dec 10, 2024
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Item 5. Other Information
Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements
Certain executive officers and directors of the Company may execute purchases and sales of the Company's common stock through Rule 10b5-1 equity trading plans and “non-Rule 10b5-1 equity trading arrangements” (as defined in Item 408(c) of Regulation S-K).
During the three months ended October 31, 2024, two members of our board of directors and one of our executive officers adopted the following 10b5-1 tradinga rrangements:
On September 10, 2024, Hope Cochran, amember of our board of directors, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Ms. Cochran’s plan is for the sale of up to 4,698 shares of common stock underlying stock options and 4,000 shares of our common stock in amounts and prices determined in accordance with a formula set forth in the plan and terminates on the earlier of the date that all the shares under the plan are sold and September 30, 2025, subject to early termination for certain specified events set forth in the plan.
On October 18, 2024, Charles M. Hazard, Jr, amember of our board of directors, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Hazard’s plan is for the sale of up to 10,000 shares of our common stock and 2,000 shares of our common stock held through a trust account in amounts and prices determined in accordance with a formula set forth in the plan and terminates on the earlier of the date that all the shares under the plan are sold and December 31, 2025, subject to early termination for certain specified events set forth in the plan.
On October 18, 2024, Dev Ittycheria, our Chief Executive Officer, adopted a trading plan intended to satisfy the conditions under Rule 10b5-1(c) of the Exchange Act. Mr. Ittycheria’s plan is for the sale of up to 38,036 shares of our common stock underlying employee stock options and up to 61,964 shares of our common stock in amounts and prices determined in accordance with a formula set forth in the plan and terminates on the earlier of the date all the shares under the plan are sold and December 31, 2025, subject to early termination for certain specified events set forth in the plan.
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