Roelof Botha’s Form 4 filings over the past year show a heavy sell bias, with open-market sales outweighing purchases by a wide margin. Across 71 total transactions in five companies, he sold $62.5 million worth of stock while buying just under $5 million. The selling is concentrated in two tickers: MongoDB (MDB) and Natera (NTRA). On June 2, 2026, Botha filed five separate MDB sales totaling roughly $17.5 million, with individual transactions ranging from $159,928 to $11.5 million. The prior day, June 1, he filed six NTRA sales worth about $17.2 million, the largest being $5.78 million. No open-market purchases appear in the recent record; the last buy-side activity is not present in the recent 11-trade window, which consists entirely of sales and zero-value compensation events.
The recent filings also include a cluster of non-cash transactions that do not reflect investment decisions. Between June and September 2026, Botha received grants (code A) in MDB, NTRA, U, and XYZ, and several code J transactions in LIFE and U, which are listed at zero value. These are compensation or corporate-action events, not purchases. The only cash-generating trades in the recent window are the MDB and NTRA sales from June 1 and June 2. The pattern is consistent: Botha has been a steady seller of growth-stage tech names, with no recent open-market buying to offset the outflow. His total buy value of $4.95 million is dwarfed by the $62.5 million in sales, and the recent data shows no reversal of that trend.
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