0001387322-18-000010.txt : 20180510 0001387322-18-000010.hdr.sgml : 20180510 20180510163614 ACCESSION NUMBER: 0001387322-18-000010 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180510 DATE AS OF CHANGE: 20180510 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MongoDB, Inc. CENTRAL INDEX KEY: 0001441816 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-90204 FILM NUMBER: 18823121 BUSINESS ADDRESS: STREET 1: 229 W. 43RD STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 866-237-8815 MAIL ADDRESS: STREET 1: 229 W. 43RD STREET STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: 10GEN INC DATE OF NAME CHANGE: 20080801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Whale Rock Capital Management LLC CENTRAL INDEX KEY: 0001387322 IRS NUMBER: 562567478 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 2 INTERNATIONAL PLACE, 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 617-502-9901 MAIL ADDRESS: STREET 1: 2 INTERNATIONAL PLACE, 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02110 SC 13D 1 wr13dmdb.htm SC 13D

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No.  )1

MongoDB, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

60937P106

(CUSIP Number)

 

James Houghtlin

Whale Rock Capital Management LLC

2 International Place, 24th Floor

Boston, MA 02110

(617) 502-9909

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

May 8, 2018

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  x.

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits.  See § 240.13d-7 for other parties to whom copies are to be sent.

 

 

 

1              The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

CUSIP NO. 60937P106

  1   NAME OF REPORTING PERSON  
         
        Whale Rock Capital Management LLC  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        Delaware  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         3,830,271  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          3,830,271  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        3,830,271  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        28.74%  
  14   TYPE OF REPORTING PERSON  
         
        OO  

  

2

CUSIP NO. 60937P106

  1   NAME OF REPORTING PERSON  
         
        Alexander Sacerdote  
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐
        (b) ☐
           
  3   SEC USE ONLY    
           
           
  4   SOURCE OF FUNDS  
         
        WC  
  5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
       
           
  6   CITIZENSHIP OR PLACE OF ORGANIZATION  
         
        United States  
NUMBER OF   7   SOLE VOTING POWER  
SHARES          
BENEFICIALLY         - 0 -  
OWNED BY   8   SHARED VOTING POWER  
EACH          
REPORTING         3,830,271  
PERSON WITH   9   SOLE DISPOSITIVE POWER  
         
          - 0 -  
    10   SHARED DISPOSITIVE POWER  
           
          3,830,271  
  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
         
        3,830,271  
  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
       
           
  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
         
        28.74%  
  14   TYPE OF REPORTING PERSON  
         
        IN  

3

CUSIP NO. 60937P106

 

The following constitutes the Schedule 13D filed by the undersigned (the “Schedule 13D”).

Item 1.Security and Issuer.

This Schedule 13D relates to Class A Common Stock ("Class A Common Stock") of MongoDB, Inc., a Delaware corporation (the "Issuer"). The address of the Issuer's principal executive offices is 229 W. 43rd Street, 5th Floor, New York, New York 10036.

Item 2.Identity and Background.

(a)This Schedule 13D is being filed on behalf of Whale Rock Capital Management LLC ("Whale Rock") and Alexander Sacerdote (together with Whale Rock, the "Reporting Persons").
(b)The business address of each of the Reporting Persons is c/o Whale Rock Capital Management LLC, Two International Place, 24th Floor, Boston, Massachusetts 02110.
(c)Whale Rock serves as investment manager for certain investment limited partnerships (the "Accounts"). Mr. Sacerdote is the managing member and owner of Whale Rock.
(d)None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or State securities laws or finding any violation with respect to such laws.
(f)See Item 6 of the cover page of each Reporting Person.

Item 3.Source and Amount of Funds or Other Consideration.

The shares of Class A Common Stock reported herein as being beneficially owned by the Reporting Persons were purchased in open market transactions for an aggregate $151,157,309.61, using working capital of the Accounts.

Item 4.Purpose of Transaction.

The Reporting Persons acquired the Class A Common Stock on behalf of the Accounts for investment purposes in the ordinary course of business.

The Reporting Persons may cause the Accounts to acquire additional shares of Class A Common Stock and/or other securities of the Issuer from time to time or may dispose of any or all of such shares or other securities held by them at any time.

The Reporting Persons intend to evaluate on an ongoing basis the Accounts' investment in the Issuer and their options with respect to such investment.

From time to time, the Reporting Persons may engage in discussions with the Issuer's Board of Directors and/or members of the Issuer's management team concerning, without limitation, potential business combinations and strategic alternatives, the business, operations, capital structure, governance, management, strategy of the Issuer and other matters concerning the Issuer.

The Reporting Persons reserve the right to change their purpose and to formulate and implement plans or proposals with respect to the Issuer at any time and from time to time. Any such action may be made by the Reporting Persons alone or in conjunction with other shareholders, potential acquirers, financing sources and/or other third parties and could include one or more purposes, plans or proposals that relate to or would result in actions required to be reported herein in accordance with Item 4 of Schedule 13D.

Item 5.Interest in Securities of the Issuer.

(a) and (b) See Items 7-11 of the cover pages. The percentages reported herein are calculated based upon the statement in the Issuer's Quarterly Report on Form 10-K, as filed with the Securities and Exchange Commission on March 30. 2018, that there were 13,325,834 shares of Class A Common Stock of the Issuer outstanding as of March 26, 2018.

Shares reported herein represent shares owned by the Accounts. Shares reported herein for Mr. Sacerdote represent shares beneficially owned by the Accounts for which Whale Rock serves as investment manager. Mr. Sacerdote is the managing member of Whale Rock Capital. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Whale Rock serves as investment manager of the Accounts, and Mr. Sacerdote serves as managing member and owner of Whale Rock. Accordingly, each of the Reporting Persons may be deemed to beneficially own Securities owned by the Accounts for the purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Act"), insofar as they may be deemed to have the power to direct the voting or disposition of those Securities.

Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that either of the Reporting Persons is, for any other purpose, the beneficial owner of any of the Securities, and each disclaims beneficial ownership as to the securities, except to the extent of its or his pecuniary interests therein.

Under the definition of "beneficial ownership" in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entities might be deemed the "beneficial owners" of some or all of the securities insofar as they may be deemed to share the power to direct the voting or disposition of the securities. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any of such individuals is, for any purpose, the beneficial owner of any of the securities, and such beneficial ownership is expressly disclaimed.

(c) The following table lists transactions in the Common Stock purchased by the Reporting Persons on behalf of the Accounts during the sixty day period prior to the filing of this Schedule 13D:

TransactionDate No. Shares Price per share
Open market purchase3/26/1852,799$44.751
Open market purchase3/27/1848,594$44.90
Open market purchase3/27/1853,390$43.39
Open market purchase3/27/18150,000$42.63
Open market purchase3/28/18174,112$41.282
Open market purchase3/29/1877,967$43.32
Open market purchase4/2/1892,276$43.473
Open market purchase4/3/1813,107$44.93
Open market purchase4/17/18651,430$38.694
Open market purchase4/26/18851,746$36.875
Open market purchase5/3/18450,000$38.35
Open market purchase5/8/1814,850$38.14
Open market purchase5/8/181,200,000$40.26

(1) Represents the weighted average purchase price of shares purchased at prices ranging from $44.67 to $44.78 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

(2) Represents the weighted average purchase price of shares purchased at prices ranging from $41.27 to $41.38 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

(3) Represents the weighted average purchase price of shares purchased at prices ranging from $43.13 to $43.88 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

(4) Represents the weighted average purchase price of shares purchased at prices ranging from $38.61 to $38.86 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

(5) Represents the weighted average purchase price of shares purchased at prices ranging from $36.69 to $37.30 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

(d) The Accounts have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock reported herein, with Whale Rock Flagship Master Fund LP having such right with respect to more than 5% of the outstanding shares of Class A Common Stock.

(e) Not applicable.

Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Not applicable.

Item 7.Material to be Filed as Exhibits.
99.1Joint Filing Agreement by and among the Reporting Persons, dated May 10, 2018.

4

CUSIP NO. 60937P106

 

SIGNATURES

After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: May 10, 2018 

  

  By: /s/ Alexander Sacerdote
    Name: Alexander Sacerdote
    Title: Managing Member of Whale Rock Capital Management LLC and Individually

 

EX-99 2 ex99-1.htm EX-99.1
Exhibit 99.1
 
JOINT FILING AGREEMENT
 
This Joint Filing Agreement, dated as of May 10, 2018 is by and among Whale Rock Capital Management LLC and Alexander Sacerdote (collectively, the "Filers").

Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G and/or 13D with respect to shares of Common Stock, par value $0.001 per share, of MongoDB, Inc. beneficially owned by them from time to time.

Pursuant to and in accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule.

This Joint Filing Agreement may be terminated by any of the Filers upon one week's prior written notice (or such lesser period of notice as the Filers may mutually agree) to the other party.

Executed and delivered as of the date first above written.
 


 
WHALE ROCK CAPITAL MANAGEMENT
   
 
By:
/s/ Alexander Sacerdote

 
Name:
Alexander Sacerdote

 
Title:
Managing Member of Whale Rock Capital Management LLC and Individually