Form 4: MongoDB Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Cedric Pech, President of Field Operations at MongoDB, sold shares of Class A common stock to cover tax obligations related to vesting restricted stock units.
Summary
- Cedric Pech, President of Field Operations at MongoDB, sold shares of Class A common stock on January 2nd and 3rd, 2025.
- The sales were executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- A total of 287 shares were sold on January 2nd at a price of $234.09 per share.
- An additional 998 shares were sold on January 3rd at a price of $250 per share.
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Pech directly owns 23,392 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's prospects.
Industry Context
Sales of stock to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Sale of 287 shares of Class A common stock at $234.09 per share. |
| 01/03/2025 | Sale of 998 shares of Class A common stock at $250 per share. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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