MongoDB (MDB) CEO has shares withheld to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. reported that President & CEO Chirantan Jitendra Desai had 3,913 shares of common stock withheld on 2026-07-01 to cover tax obligations tied to vesting Restricted Stock Units. The shares were valued at $335.90 per share for this purpose. Following the tax-withholding disposition, he directly holds 72,753 shares of MongoDB common stock, indicating this was a routine, non–open-market event related to equity compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Desai Chirantan Jitendra
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,913 | $335.90 | $1.31M |
Holdings After Transaction:
Common Stock — 72,753 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,913 shares
Per-share value for withholding: $335.90 per share
Shares held after transaction: 72,753 shares
3 metrics
Shares withheld for taxes
3,913 shares
Tax-withholding disposition on 2026-07-01 tied to RSU vesting
Per-share value for withholding
$335.90 per share
Value used to satisfy tax obligations on withheld shares
Shares held after transaction
72,753 shares
Direct MongoDB common stock ownership following withholding
Key Terms
Restricted Stock Units, tax withholding obligations, Form 4, tax-withholding disposition
4 terms
Restricted Stock Units financial
"upon the vesting of Restricted Stock Units previously granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer to satisfy tax withholding obligations for the Reporting Person"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did MongoDB (MDB) CEO Chirantan Desai report in this Form 4?
MongoDB’s CEO reported a tax-withholding disposition of 3,913 common shares. These shares were withheld by the company to satisfy tax obligations from vesting Restricted Stock Units, rather than sold in the open market, leaving him with 72,753 directly owned shares.
Was this MongoDB (MDB) Form 4 transaction an open-market sale by the CEO?
No, the transaction was not an open-market sale. The Form 4 shows an F-code tax-withholding disposition where MongoDB withheld 3,913 shares to cover tax obligations from vesting Restricted Stock Units, a routine mechanism for handling equity compensation taxes.