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

Francisco D'Souza, a director at MongoDB, files an amended Form 4 to correct the number of Class A Common Stock shares received due to an administrative error.

Summary

• Francisco D'Souza, a director at MongoDB, filed an amended Form 4/A with the SEC on June 28, 2024, to correct previously reported information.
• The amendment addresses an error in the number of Class A Common Stock shares received by D'Souza.
• The shares were related to (i) restricted stock units granted under the non-employee director compensation policy and (ii) shares received in lieu of cash for director services.
• The corrected filing shows D'Souza acquired 820 shares of Class A Common Stock as restricted stock units and 191 shares in lieu of cash compensation on June 25, 2024.
• Following these transactions, D'Souza beneficially owns 6,235 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error, which is neutral to slightly positive as it demonstrates transparency and compliance.

Negatives

• The initial Form 4 contained an error, requiring an amendment.

Risks

• Administrative errors in SEC filings can lead to compliance issues and potential scrutiny.

Industry Context

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

Related Party Transactions

• The receipt of restricted stock units and shares in lieu of cash compensation are related-party transactions between MongoDB and its director, Francisco D'Souza.

Stakeholder Impact

• The correction of the stock ownership information ensures transparency for shareholders.

Key Dates