Form 4: MongoDB Director's Stock Transaction for Tax Obligations

MongoDB Director Dev Ittycheria disposed of 3,320 shares of common stock to cover tax obligations related to RSU vesting.

Summary

• Dev Ittycheria, a Director at MongoDB, Inc. (MDB), reported a transaction on January 1, 2026.
• The transaction involved the disposition of 3,320 shares of MongoDB common stock.
• These shares were withheld by MongoDB to satisfy tax withholding obligations for Mr. Ittycheria due upon the vesting of previously granted Restricted Stock Units (RSUs).
• The disposition occurred at a price of $419.69 per share.
• Following this transaction, Mr. Ittycheria beneficially owns 183,652 shares of MongoDB common stock directly.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: This filing reports a routine, non-discretionary transaction for tax withholding purposes related to the vesting of Restricted Stock Units (RSUs). It does not reflect a discretionary sale by the insider and is therefore neutral in sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction related to tax obligations upon RSU vesting, which is common across all industries for executives and directors receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the director's investment conviction or company fundamentals.

Key Dates

Keywords

MongoDB, MDB, Dev Ittycheria, Form 4, insider transaction, stock disposition, tax withholding, RSU vesting, corporate director