Pech Cedric 4

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.