Kevin Efrusy - Mar 13, 2023 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role
Director, 10%+ Owner
Signature
/s/ Margaret Chow, by Power of Attorney for Kevin Efrusy
Stock symbol
BASE
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2023, 08:53 PM
Previous filing
Jun 27, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASE Common Stock Other $0 -847K -21.99% $0.00 3.01M Mar 13, 2023 By: Accel X L.P. F1, F2
transaction BASE Common Stock Other $0 -64.2K -21.99% $0.00 228K Mar 13, 2023 By: Accel X Strategic Partners L.P. F2, F3
transaction BASE Common Stock Other $0 -88.6K -21.99% $0.00 314K Mar 13, 2023 By: Accel Investors 2008 L.L.C. F2, F4
transaction BASE Common Stock Other $0 +13.4K $0.00 13.4K Mar 13, 2023 By: The Efrusy Family Trust u/a/d 10/21/2005 F5, F6
holding BASE Common Stock 2.02M Mar 13, 2023 By: Accel Growth Fund II L.P. F2
holding BASE Common Stock 146K Mar 13, 2023 By: Accel Growth Fund II Strategic Partners L.P. F2
holding BASE Common Stock 217K Mar 13, 2023 By: Accel Growth Fund Investors 2013 L.L.C. F2
holding BASE Common Stock 11.7K Mar 13, 2023 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 13, 2023, Accel X LP distributed, for no consideration, 847,205 shares of Common Stock of the Issuer (the "Accel X LP Shares") to its limited partners and general partner, which shares were further distributed, representing each such partner's pro rata interest in such Accel X LP Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
F2 Accel X Associates L.L.C. ("A10A") is the General Partner of both Accel X L.P. and Accel X Strategic Partners L.P., and has the sole voting and investment power. Andrew G. Braccia, Kevin J. Efrusy, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock and Richard P. Wong are the Managing Members of A10A and Accel Investors 2008 L.L.C., and therefore share the voting and investment powers. Accel Growth Fund II Associates L.L.C., or AGF2A, is the General Partner of both Accel Growth Fund II L.P. and Accel Growth Fund II Strategic Partners L.P., and has the sole voting and investment power. Andrew G. Braccia, Sameer K. Gandhi, Ping Li, Tracy L. Sedlock, Ryan J. Sweeney and Richard P. Wong are the Managing Members of AGF2A and Accel Growth Fund Investors 2013 L.L.C. and share such powers. Each person disclaims beneficial ownership except to the extent of their pecuniary interest therein. The address for all Accel entities listed above is 500 University Avenue, Palo Alto, California 94301.
F3 On March 13, 2023, Accel X Strategic Partners L.P. ("A10SP") distributed, for no consideration, 64,198 shares of Common Stock of the Issuer (the "A10SP Shares") to its limited partners and general partner, which shares were further distributed, representing each such partner's pro rata interest in such A10SP Shares. All of the aforementioned distributions were made in accordance with the exemptions afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
F4 On March 13, 2023, Accel Investors 2008 L.L.C. ("AI08") distributed for no consideration 88,597 shares of Common Stock of the Issuer (the "AI08 Shares") to its limited partners, representing each such partner's pro rata interest in such AI08 Shares. All of the aforementioned distributions were made in accordance with the exceptions afforded by Rules 16a-13 and 16a-9 of the Securities and Exchange Act of 1934, as amended.
F5 Reflects shares of Common Stock of the Issuer as distributed by Accel Investors 2008 L.L.C. and Accel X Associates L.L.C., for no consideration, to the Trust.
F6 Shares held by The Efrusy Family Trust u/a/d 10/21/2005 (the "Trust"), of which Mr. Efrusy is a Trustee. The Reporting Person disclaims beneficial ownership over the securities reported herein except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities afforded by Rules 16a-13 and 16a-9 of the Securities Exchange Act of 1934, as amended.
F7 Represents restricted stock units ("RSUs") of the Issuer. Each unit represents a contingent right to receive one share of the Issuer's common stock upon vesting. One hundred percent (100%) of the RSUs will, subject to the Reporting Person's continued service with the Issuer through such vesting date, vest on the earlier of (i) the one-year anniversary of the date the annual award is granted or (ii) the day prior to the date of the Annual Meeting next following the date the annual award is granted.