2,262 MongoDB (NASDAQ: MDB) shares withheld to cover CEO tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MongoDB, Inc. President & CEO Chirantan Jitendra Desai reported a routine tax-related share disposition. On April 1, 2026, 2,262 shares of common stock were withheld by the company at $244.77 per share to cover tax withholding obligations tied to previously granted Restricted Stock Units that vested.
After this tax-withholding disposition, Desai directly owned 76,666 shares of MongoDB common stock. This event reflects compensation-related tax settlement rather than an open-market purchase or sale.
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 | 2,262 | $244.77 | $554K |
Holdings After Transaction:
Common Stock — 76,666 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,262 shares
Per-share value: $244.77 per share
Shares owned after transaction: 76,666 shares
3 metrics
Shares withheld for taxes
2,262 shares
Common stock withheld for CEO tax obligations on RSU vesting
Per-share value
$244.77 per share
Value used for the 2,262 withheld shares on April 1, 2026
Shares owned after transaction
76,666 shares
CEO Chirantan Desai’s direct MongoDB common stock holdings after withholding
Key Terms
Restricted Stock Units, tax withholding obligations, withheld by the Issuer, Common Stock
4 terms
Restricted Stock Units financial
"upon the vesting of certain 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"
withheld by the Issuer financial
"Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations"
Common Stock financial
"Represents shares of Common Stock withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did MongoDB (MDB) CEO Chirantan Desai report in this Form 4?
MongoDB CEO Chirantan Desai reported a tax-related share disposition. The company withheld 2,262 common shares to cover tax obligations from vested Restricted Stock Units, leaving him with 76,666 directly owned shares after the transaction.
Was the MongoDB (MDB) CEO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,262 MongoDB shares were withheld by the company to satisfy Chirantan Desai’s tax withholding obligations arising from the vesting of Restricted Stock Units, a routine compensation-related event.