Form 4: MongoDB COO and CFO Michael Gordon Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Michael Gordon, COO and CFO of MongoDB, reports the acquisition and disposal of Class A Common Stock related to the vesting of performance-based RSUs and subsequent tax obligations.
Summary
- On October 2, 2024, Michael Gordon, the COO and CFO of MongoDB, acquired 249 shares of Class A Common Stock at $0 upon the vesting of performance-based RSUs.
- On the same day, Gordon disposed of 1 share at $254.91 and 1,883 shares at $256.25 to cover tax withholding obligations related to the vesting of restricted stock units and performance-based RSUs.
- Following these transactions, Gordon directly owns 80,307 shares of Class A Common Stock.
- Gordon also indirectly owns 1,000 shares each through his spouse and three children.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It reflects the standard practice of granting stock-based compensation and the subsequent transactions to cover tax obligations.
Comparison to Industry Standards
- Stock transactions by executives are a normal part of compensation packages in publicly traded companies.
- Companies like Snowflake, Datadog, and CrowdStrike also use RSUs as part of their compensation strategy.
- The sale of shares to cover tax obligations is a common practice among executives receiving stock-based compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of RSU award to the Reporting Person under the Issuer's annual bonus plan and 2016 Equity Incentive Plan |
| 10/02/2024 | Date of stock acquisition and disposal transactions. |
| 10/04/2024 | Date of signature for the Form 4 filing. |
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