Form 4: MongoDB COO and CFO Michael Lawrence Gordon Reports Acquisition of Restricted Stock Units

Michael Lawrence Gordon, COO and CFO of MongoDB, Inc., reports the acquisition of 9,429 restricted stock units (RSUs) on March 22, 2024.

Summary

• On March 22, 2024, Michael Lawrence Gordon, the COO and CFO of MongoDB, Inc. acquired 9,429 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A Common Stock of MongoDB.
• The RSU award vests in equal quarterly installments over four years, starting from April 1, 2024, contingent upon Gordon's continued service with the company.
• Following the reported transaction, Gordon directly owns 80,414 shares of Class A Common Stock.
• Gordon also indirectly owns 1,000 shares of Class A Common Stock through his spouse and 1,000 shares each through child 1, child 2 and child 3.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard reporting of stock-based compensation.

Positives

• The vesting schedule incentivizes continued service of the COO and CFO over the next four years.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continued service with the Issuer.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The RSU grant aligns management's interests with those of shareholders by incentivizing long-term value creation.

Key Dates