Pech Cedric 4
4 · MongoDB, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
MongoDB President Cedric Pech Receives Award; Shares Withheld for Taxes
What Happened
Cedric Pech, President, Field Operations at MongoDB (MDB), received 21,871 shares on April 1, 2026 from the vesting of performance-based restricted stock units (PSUs). The grant entries show acquisitions of 8,417, 2,660 and 10,794 shares (recorded at $0.00 as awards). To satisfy tax withholding obligations, 2,405 of those shares were withheld/disposed at $244.77 per share, totaling $588,672.
Key Details
- Transaction date: April 1, 2026 (reported on Form 4 filed April 3, 2026).
- Awards: 8,417 + 2,660 + 10,794 = 21,871 shares acquired (PSUs vesting; acquisition price reported $0.00).
- Withholding: 2,405 shares withheld/treated as disposed at $244.77 each = $588,672 (tax withholding).
- Shares owned after transaction: not disclosed in this Form 4.
- Footnotes: The shares came from PSUs granted on 3/24/2023, 3/22/2024 and 3/20/2025 that vested based on performance (were not previously reportable). The withheld shares satisfy tax withholding obligations.
- Filing timeliness: Form 4 was filed April 3, 2026 for transactions dated April 1, 2026 (within the normal two-business-day reporting window).
Context
These were vesting performance awards (PSUs), not open-market purchases or voluntary sales. The "disposed" line here reflects issuer withholding shares to cover tax liabilities (a routine administrative step), not an open-market sale that would signal an insider cashing out. Performance-based PSUs convert to shares only if goals are met, which is why they were not previously reportable.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01+8,417→ 65,004 total - Award
Common Stock
[F2]2026-04-01+2,660→ 67,664 total - Award
Common Stock
[F3]2026-04-01+10,794→ 78,458 total - Tax Payment
Common Stock
[F4]2026-04-01$244.77/sh−2,405$588,672→ 76,053 total
Footnotes (4)
- [F1]Represents shares of Common Stock received upon the vesting of a portion of the performance-based restricted stock units ("PSUs") awarded to the Reporting Person on March 24, 2023 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 PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer.
- [F2]Represents shares of Common Stock received upon the vesting of a portion of the PSUs awarded to the Reporting Person on March 22, 2024 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 PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer.
- [F3]Represents shares of Common Stock received upon the vesting of a portion of the PSUs awarded to the Reporting Person on March 20, 2025 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 PSUs, such shares were not previously reportable under Section 16. Each PSU represents the contingent right to receive one share of Common Stock of the Issuer.
- [F4]Represents shares of Common Stock withheld by the Issuer to satisfy tax withholding obligations for the Reporting Person due upon the vesting of PSUs and certain Restricted Stock Units previously granted to the Reporting Person.