Form 4: MongoDB CEO Dev Ittycheria Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
MongoDB's CEO, Dev Ittycheria, reports the vesting of performance-based restricted stock units (RSUs) and subsequent sale of shares to cover tax obligations.
Summary
- On April 2, 2025, MongoDB CEO Dev Ittycheria reported transactions related to Class A Common Stock.
- These transactions involved the vesting of performance-based restricted stock units (RSUs) awarded under the company's long-term incentive bonus plan and 2016 Equity Incentive Plan.
- A total of 29,528 shares vested from RSUs awarded on March 11, 2022 (6,544 shares), March 24, 2023 (16,709 shares), March 20, 2024 (622 shares), and March 22, 2024 (5,653 shares).
- Following the vesting, 18,512 shares were sold at a weighted average price of $173.26 per share to cover tax withholding obligations.
- After these transactions, Ittycheria directly owns 268,948 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any specific positive or negative sentiment. It reflects standard equity-based compensation practices.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. The vesting of RSUs is a common form of equity compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders due to the sale of shares, but it's primarily related to tax obligations from vested equity.
Key Dates
| Date | Description |
|---|---|
| 03/11/2022 | Date of RSU award |
| 03/24/2023 | Date of RSU award |
| 03/20/2024 | Date of RSU award |
| 03/22/2024 | Date of RSU award |
| 04/02/2025 | Date of transaction (RSU vesting and stock sale) |
| 04/04/2025 | Date of filing |
Keywords
Form 4, MongoDB, Ittycheria, RSU, Stock, Vesting, Sale, CEO, Equity
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