Desai Chirantan Jitendra 4
Research Summary
AI-generated summary
MongoDB CEO Chirantan Desai Withholds 2,262 Shares for Taxes
What Happened
Chirantan J. Desai, President & CEO and a director of MongoDB, had 2,262 shares of Common Stock withheld by the company to satisfy tax withholding obligations related to the vesting of previously granted Restricted Stock Units (RSUs). The withholding was reported as a disposition at an effective price of $244.77 per share, totaling approximately $553,670. This was a tax-withholding event, not an open-market sale.
Key Details
- Transaction date and price: April 1, 2026 — 2,262 shares withheld at $244.77/share (total ≈ $553,670).
- Transaction code: F (shares withheld to satisfy tax withholding on vested equity).
- Footnote: F1 — issuer withheld shares to satisfy the Reporting Person’s tax withholding obligations upon RSU vesting.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: April 3, 2026 — appears to be filed within the standard two-business-day Form 4 window (timely).
Context
Tax-withholding dispositions are routine administrative transactions that occur when RSUs vest; the company withholds a number of shares to cover the grantee’s tax liabilities. Because the shares were withheld by the issuer to cover taxes (not sold on the open market), this transaction does not directly signal a change in the insider’s market view.