Form 4: MongoDB Director Gifts Shares to Foundation
Insider Transaction Report
MongoDB Director Dev Ittycheria gifted 13,039 shares of common stock to the Ittycheria-Thomas Foundation, retaining voting power but no pecuniary interest.
Summary
- Dev Ittycheria, a Director of MongoDB, Inc. (MDB), disposed of 13,039 shares of common stock.
- The transaction occurred on December 29, 2025.
- The shares were donated as a gift to the Ittycheria-Thomas Foundation, a Delaware nonstock nonprofit corporation.
- The reporting person is deemed to have voting and investment power over these shares but has no pecuniary interest.
- Following this transaction, Dev Ittycheria directly beneficially owns 186,972 shares of MongoDB, Inc. Common Stock.
- The transaction price was $0, consistent with a gift.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (a gift of shares) which is neutral in terms of company performance or outlook. It reflects a change in beneficial ownership but does not indicate any operational or financial shifts.
Positives
- The donation to a non-profit foundation demonstrates philanthropic activity by a company director.
- The director retains voting and investment power over the donated shares, indicating continued influence.
Negatives
- The director's direct beneficial ownership decreased by 13,039 shares.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Beneficial Ownership Structure | Director Dev Ittycheria gifted 13,039 shares to the Ittycheria-Thomas Foundation. He retains voting and investment power over these shares, but no pecuniary interest. | 12/29/2025 | This clarifies the beneficial ownership structure for a portion of the director's holdings, indicating continued influence over voting decisions for the gifted shares. |
Related Party Transactions
- The gift of shares by Director Dev Ittycheria to the Ittycheria-Thomas Foundation, where he is deemed to have voting and investment power, represents a transaction with an entity potentially influenced by a related party.
Stakeholder Impact
- Shareholders: Minor impact, as it's a disposition of shares by a director, but the shares remain under his voting influence.
- Ittycheria-Thomas Foundation: Receives a significant donation of MongoDB common stock.
Key Dates
| Date | Description |
|---|---|
| 12/29/2025 | Transaction Date: Disposition of 13,039 shares of Common Stock as a gift. |
| 12/31/2025 | Signature Date of the filing by Attorney-in-Fact Paul Johnston. |
Keywords
MongoDB, MDB, Dev Ittycheria, Insider Transaction, Form 4, Share Gift, Beneficial Ownership, Director, Philanthropy
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