MongoDB (MDB) director Dev Ittycheria has 3,035 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. director Dev Ittycheria reported a routine share disposition related to tax withholding. On July 1, 2026, the company withheld 3,035 shares of common stock at $335.90 per share to cover tax obligations triggered by the vesting of previously granted Restricted Stock Units. After this transaction, Ittycheria directly holds 158,727 shares of MongoDB common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ittycheria Dev
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,035 | $335.90 | $1.02M |
Holdings After Transaction:
Common Stock — 158,727 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 3,035 shares
Per-share value of withheld shares: $335.90 per share
Shares held after transaction: 158,727 shares
3 metrics
Shares withheld for taxes
3,035 shares
Withheld on RSU vesting to satisfy tax obligations
Per-share value of withheld shares
$335.90 per share
Value used for 3,035 withheld MongoDB common shares
Shares held after transaction
158,727 shares
Dev Ittycheria’s direct MongoDB common stock holdings post-transaction
Key Terms
Restricted Stock Units, tax withholding obligations, Form 4
3 terms
Restricted Stock Units financial
"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
"Dev Ittycheria reported in this MongoDB (MDB) Form 4 filing"
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.
FAQ
What did Dev Ittycheria report in this MongoDB (MDB) Form 4 filing?
Dev Ittycheria reported a tax-related share disposition. MongoDB withheld 3,035 common shares at $335.90 each to satisfy tax obligations from vested Restricted Stock Units, leaving him with 158,727 directly held shares.
Was Dev Ittycheria’s MongoDB Form 4 transaction an open-market sale?
No, the transaction was a tax-withholding disposition. Shares were withheld by MongoDB to cover tax obligations from Restricted Stock Unit vesting, rather than sold by Ittycheria in an open-market transaction.
What triggered the tax-withholding disposition in Dev Ittycheria’s MongoDB filing?
The disposition was triggered by the vesting of Restricted Stock Units. When these RSUs vested, MongoDB withheld 3,035 shares to satisfy Dev Ittycheria’s tax obligations associated with that equity compensation event.