Dev Ittycheria - 03 Apr 2023 Form 4 Insider Report for MongoDB, Inc. (MDB)

Reporting relationship: President & CEO, Director
Issuer ticker: MDB
Reported as of: 03 Apr 2023
Net transaction value: -$10,946,414
SEC form: 4
Accepted by SEC: 05 Apr 2023, 16:23:34 UTC
Prior SEC filing: 28 Mar 2023
Next SEC filing: 03 May 2023
Source filing: View source filing
Reporting owner signature: /s/ Paul Johnston, Attorney-in-Fact

Key filing fact

Dev Ittycheria filed Form 4 for MongoDB, Inc. (MDB) on 05 Apr 2023.

Key facts

This page summarizes Dev Ittycheria's Form 4 filing for MongoDB, Inc. (MDB).
14 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Apr 2023, 16:23.

Change

Previous filing in this sequence was filed on 28 Mar 2023.
Current net transaction value: -$10,946,414.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MDB transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +6,353
Change %: +2.8%
Price: $0.000000
Shares after: 230,151
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F1

MDB transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +1,409
Change %: +0.61%
Price: $0.000000
Shares after: 231,560
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F2

MDB transaction

Class A Common Stock

Sale

Transaction value: $2,107,122
Shares: -9,228
Change %: -4%
Price: $228.34
Shares after: 222,332
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F3, F4

MDB transaction

Class A Common Stock

Sale

Transaction value: $4,818
Shares: -21
Change %: -0.01%
Price: $229.43
Shares after: 222,311
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F3, F5

MDB transaction

Class A Common Stock

Options Exercise

Transaction value: $260,000
Shares: +40,000
Change %: +18%
Price: $6.50
Shares after: 262,311
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6

MDB transaction

Class A Common Stock

Sale

Transaction value: $871,647
Shares: -3,869
Change %: -1.5%
Price: $225.29
Shares after: 258,442
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F7

MDB transaction

Class A Common Stock

Sale

Transaction value: $2,412,845
Shares: -10,673
Change %: -4.1%
Price: $226.07
Shares after: 247,769
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F8

MDB transaction

Class A Common Stock

Sale

Transaction value: $2,460,070
Shares: -10,844
Change %: -4.4%
Price: $226.86
Shares after: 236,925
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F9

MDB transaction

Class A Common Stock

Sale

Transaction value: $1,066,870
Shares: -4,677
Change %: -2%
Price: $228.11
Shares after: 232,248
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F10

MDB transaction

Class A Common Stock

Sale

Transaction value: $1,323,451
Shares: -5,778
Change %: -2.5%
Price: $229.05
Shares after: 226,470
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F11

MDB transaction

Class A Common Stock

Sale

Transaction value: $393,973
Shares: -1,713
Change %: -0.76%
Price: $229.99
Shares after: 224,757
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F12

MDB transaction

Class A Common Stock

Sale

Transaction value: $430,659
Shares: -1,864
Change %: -0.83%
Price: $231.04
Shares after: 222,893
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F13

MDB transaction

Class A Common Stock

Sale

Transaction value: $134,960
Shares: -582
Change %: -0.26%
Price: $231.89
Shares after: 222,311
Date: 03 Apr 2023
Ownership: Direct
Footnotes: F6, F14

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MDB transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -40,000
Change %: -6.8%
Price: $0.000000
Shares after: 548,036
Date: 03 Apr 2023
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 40,000
Exercise price: $6.50
Footnotes: F6, F15

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 15 footnotes

Footnote F1

Represents shares of Class A common stock received upon the vesting of a portion of the performance-based restricted stock units ("RSUs") awarded to the Reporting Person on March 11, 2022 under the Issuer's long-term incentive bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the RSUs, such shares were not previously reportable under Section 16. Each RSU represents the contingent right to receive one share of common stock of the Issuer.

Footnote F2

Represents shares of Class A common stock received upon the vesting of a portion of the performance-based RSUs awarded to the Reporting Person on April 2, 2022 under the Issuer's annual bonus plan and 2016 Equity Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the RSUs, such shares were not previously reportable under Section 16. Each RSU represents the contingent right to receive one share of common stock of the Issuer.

Footnote F3

Represents the sale of shares of Class A common stock to satisfy the Reporting Person's tax withholding obligations in connection with (i) the non-reportable service-based vesting and settlement of restricted stock units and (ii) the performance-based vesting and settlement of the above-listed RSUs.

Footnote F4

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $228.33 to $229.29, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F5

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $229.42 to $229.44, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F6

The transactions were pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

Footnote F7

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $224.90 to $225.49, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F8

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $225.50 to $226.48, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F9

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $226.50 to $227.48, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F10

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $227.58 to $228.52, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F11

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $228.59 to $229.57, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F12

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $229.59 to $230.58, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F13

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $230.60 to $231.49, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F14

The price reported is a weighted average price. The shares were sold in multiple transactions at prices ranging from $231.60 to $232.03, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F15

Immediately exercisable and fully vested.