4/A: MongoDB Director Corrects Stock Grant Information in Amended SEC Filing

Archana Agrawal, a director at MongoDB, files an amended SEC Form 4/A to correct the number of Class A Common Stock shares received as part of her annual equity grant.

Summary

• Archana Agrawal, a director at MongoDB, filed an amended SEC Form 4/A on June 28, 2024, to correct an error in a previous filing made on June 27, 2024.
• The original filing incorrectly stated the number of Class A Common Stock shares received by Agrawal as part of her annual equity grant under MongoDB's non-employee director compensation policy.
• The corrected filing shows that Agrawal acquired 820 shares of Class A Common Stock on June 25, 2024, at a price of $0 per share.
• Following the transaction, Agrawal directly owns 3,498 shares of Class A Common Stock.
• The shares were granted as restricted stock units, which will vest on the earlier of June 25, 2025, or the date of MongoDB's 2025 annual stockholders' meeting, contingent upon Agrawal's continued service to the company.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing. While it doesn't indicate any fundamental issues with the company, the initial error suggests a minor lapse in administrative oversight. Overall, the sentiment is neutral to slightly positive due to the correction.

Future Outlook

The restricted stock units will vest on the earlier of June 25, 2025, or the date of MongoDB's 2025 annual stockholders' meeting, subject to continued service.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies like MongoDB.

Comparison to Industry Standards

• Director compensation packages, including stock grants, are common practice among publicly traded companies to align the interests of directors with those of shareholders.
• Companies like Datadog, Snowflake, and CrowdStrike also utilize equity grants as part of their director compensation packages.
• The vesting schedules and terms of these grants are typically disclosed in SEC filings, allowing for comparison across companies.

Stakeholder Impact

• The correction ensures transparency for shareholders regarding director compensation and stock ownership.
• Accurate reporting is important for maintaining investor confidence.

Key Dates