Form 4: MongoDB Chief Revenue Officer Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Cedric Pech, Chief Revenue Officer of MongoDB, Inc., sold 273 shares of Class A common stock on July 2, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 2, 2024, Cedric Pech, the Chief Revenue Officer of MongoDB, Inc. (MDB), sold 273 shares of Class A common stock.
- The sale was executed at a price of $265.29 per share.
- The transaction was conducted to satisfy tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Pech directly owns 35,719 shares of MongoDB's Class A common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction to cover tax obligations, which is a common practice. It doesn't necessarily reflect a positive or negative view of the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and are generally not indicative of a negative outlook on the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of the stock sale transaction. |
| 07/05/2024 | Date of signature on the Form 4 filing. |
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