MDB Form 4: CEO Ittycheria receives 892 shares, tax withholding 4,118
Rhea-AI Filing Summary
Dev Ittycheria, who is listed as President & CEO and a Director of MongoDB, Inc. (MDB), reported transactions on 10/01/2025. A portion of performance-based restricted stock units awarded on March 15, 2025 vested, and she received 892 shares of Class A common stock with a reported acquisition price of $0, bringing her beneficial ownership to 204,129 shares. Separately, the issuer withheld 4,118 shares to satisfy tax withholding obligations at a withholding price of $310.38, reducing her beneficial ownership to 200,011 shares. The filing states the vested shares derived from PSUs that were contingent on the issuer meeting specified performance criteria.
Positive
- 892 shares issued on vesting of performance-based PSUs, reflecting earned equity compensation
- Reporting person retains substantial beneficial ownership of 200,011 Class A shares after withholding
Negative
- Issuer withheld 4,118 shares for tax obligations at $310.38, reducing beneficial holdings
- Net beneficial ownership declined from 204,129 to 200,011 shares following transactions
Insights
CEO received vested PSUs; tax withholding reduced holdings by 4,118 shares.
The Form 4 shows 892 shares issued upon vesting of performance-based restricted stock units tied to performance criteria from awards dated March 15, 2025. These shares were not previously reportable because vesting depended on performance.
The issuer withheld 4,118 shares to cover tax withholding at a price of $310.38, moving the reporting person from 204,129 beneficial shares down to 200,011. This is a routine tax-withholding event following equity vesting and does not itself indicate a sale for cash proceeds.