Form 4: MongoDB Director Peter Thomas Killalea Receives Stock Grant

Director Peter Thomas Killalea received 817 shares of MongoDB Class A Common Stock as a restricted stock unit grant.

Summary

• On June 25, 2024, Peter Thomas Killalea, a director of MongoDB, Inc., acquired 817 shares of Class A Common Stock.
• The acquisition was in the form of restricted stock units (RSUs) granted under the Issuer's non-employee director compensation policy.
• These RSUs will vest on the earlier of June 25, 2025, or the date of the Issuer's 2025 annual stockholders' meeting, contingent upon continuous service.
• Following the transaction, Killalea directly owns 31,160 shares of Class A Common Stock.
• Killalea also indirectly owns 5,000 shares each through the UAISLE Trust, BREOGA Trust, CEANSA Trust, and AOGALL Trust, all established on November 15, 2021, for the benefit of his children.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director), which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service to the company.

Future Outlook

The director's holdings will increase upon vesting of the restricted stock units, aligning his interests with the company's performance.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Comparison to Industry Standards

• Director compensation packages, including stock grants, vary widely across the tech industry.
• Companies like Atlassian and Datadog also use equity grants as part of their director compensation.
• The size and vesting schedule of the grant are typical for director compensation in similar-sized companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.
• The vesting schedule encourages the director's continued service and commitment to the company.

Key Dates