Cochran Hope F

Insider trading profile for Cochran Hope F across four companies: (1) MongoDB (MDB, primary): 77 transactions 2018-07-12 to 2026-05-29, 32,226 shares sold vs ~1,449 acquired. (2) Hasbro (HAS): 12 transactions 2016-2026, 4,000 sold vs 2,224 acquired. (3) New Relic (NEWR): 30 transactions 2018-2023, 15,296 sold. (4) Clearwire (CLWR): 94 transactions 2007-2013, ~1.93M sold vs 1,000 bought. MongoDB is the current primary and most relevant: M-code (market/option exercise) transactions follow a highly mechanical pattern: recurring 2,937-3,917 share batches at $7.58 exercise price on roughly quarterly cadence (2024-12, 2025-04, 2025-06, 2025-09, 2025-12, 2026-04). S-code sells immediately follow each M-code at a profit: 2026-05-29 (1,000 at $350), 2026-04-01 (1,566 at $249), 2025-12-17 (1,566 at $421.85 + 1,000 at $410), 2025-09-17 (1,174 at $327.93), 2025-06-17 (1,174 at $201.08), 2025-04-01 (1,175 at $174.69), 2024-12-17 (1,175 at $266.99). A-code acquisitions: 2025-06-30 (319 + 1,130 = 1,449 shares) -- notably smaller than the exercised amounts. The MDB stock has run from ~$40 exercise price to $200-$421 range; the insider is methodically selling every exercised tranche at a significant profit. The 2:1 exercise-to-retention ratio (2,937-3,917 exercised vs ~1,174-1,566 sold per cycle) technically means some shares are held, but the pattern across 2+ years shows zero discretionary accumulation. Hasbro: A-code 2,224 shares (2026-06-11) + 2,611 (2025-05-21) -- RSU vesting being held; S-code 4,000 sells at $77 (2025-11-10). Mixed signal at HAS. New Relic (acquired by Citadel/private): 30 transactions all sell, consistent post-acquisition liquidation. Clearwire: historical, pre-acquisition all-sell. Bearish on MongoDB: the mechanical M-code + S-code cycle at $7.58 exercise with immediate partial liquidation is textbook insider who is monetizing equity comp without building conviction. The fact that this pattern persisted through MDB's entire 2021-2026 bull run ($40 exercise → $400+ high) without a single discretionary buy is a clear negative signal.