$MDB (MongoDB) — 8-K: MongoDB interim CEO Dev Ittycheria gets $500,000 salary, $500,000 bonus, $15,000,000 RSU grant

MongoDB disclosed an employment agreement with Interim President and CEO Dev Ittycheria, effective September 28, 2026, providing an annual base salary of $500,000, a one-time sign-on cash bonus of $500,000, and a target cash bonus opportunity of 70% of base salary, or $350,000, prorated for fiscal 2027 and, if applicable, fiscal 2028. Ittycheria will receive restricted stock units with a grant value of $15,000,000, vesting in four equal quarterly installments through October 1, 2027. The agreement supersedes his prior advisory agreement dated October 29, 2025, and he will provide continuous service for at least twelve months following a new CEO's start date, not terminating before April 1, 2028.

MongoDB disclosed an employment agreement with Interim President and CEO Dev Ittycheria, effective September 28, 2026, providing an annual base salary of $500,000, a one-time sign-on cash bonus of $50