Roelof Botha has filed 96 Form 4 transactions across five companies, and the pattern is heavily one-sided. His total open-market purchases amount to about $4.95 million, while his open-market sales total roughly $62.5 million. That is a ratio of more than 12 dollars sold for every dollar bought. The recent activity reinforces the selling bias: the last 11 open-market transactions were all sales, with no open-market purchases in the current period.
The most recent cluster of sales came on June 1 and June 2, 2026. On June 1, Botha filed six sales in NTRA (Natera) totaling about $17.2 million, with individual transactions ranging from $548,374 to $5.78 million. The next day, he filed five sales in MDB (MongoDB) totaling about $17.5 million. The largest single sale was $11.5 million, and the others ranged from $159,928 to $3.93 million. These two days alone account for roughly $34.7 million in open-market sales.
The rest of the recent filings are compensation events, not decisions to buy or sell. Between late January and early August 2026, Botha received grants (code A) in LIFE, U, XYZ, MDB, and NTRA, all valued at zero on the filing. There were no option exercises, no gifts, and no conversions in the recent window. The absence of purchases, combined with the concentrated two-day selling in NTRA and MDB, shows a clear direction: Botha is reducing his positions in those two companies through open-market sales, while his acquisitions are limited to automatic equity awards.
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