Kevin Efrusy - 18 Sep 2023 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role: Director, 10%+ Owner
Signature: /s/ Margaret Chow, by Power of Attorney for Kevin Efrusy
Issuer symbol: BASE
Transactions as of: 18 Sep 2023
Net transactions value: -$13,282,500
Form type: 4
Filing time: 20 Sep 2023, 16:25:10 UTC
Previous filing: 05 Jun 2023
Next filing: 18 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BASE	Common Stock	Sale	$11,252,934	-635,400	-21%	$17.71	2,370,354	18 Sep 2023	By: Accel X L.P;	F1
transaction	BASE	Common Stock	Sale	$852,736	-48,150	-21%	$17.71	179,615	18 Sep 2023	By: Accel X Strategic Partners L.P.	F1
transaction	BASE	Common Stock	Sale	$1,176,830	-66,450	-21%	$17.71	247,880	18 Sep 2023	By: Accel Investors 2008 L.L.C.	F1
holding	BASE	Common Stock						13,364	18 Sep 2023	By: The Efrusy Family Trust u/a/d 10/21/2005	F2
holding	BASE	Common Stock						2,022,312	18 Sep 2023	By: Accel Growth Fund II L.P.	F1
holding	BASE	Common Stock						146,484	18 Sep 2023	By: Accel Growth Fund II Strategic Partners L.P.	F1
holding	BASE	Common Stock						217,110	18 Sep 2023	By: Accel Growth Fund Investors 2013 L.L.C.	F1
holding	BASE	Common Stock						21,533	18 Sep 2023	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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. 11,659 of the RSUs are fully-vested and one hundred percent (100%) of the remaining 9,874 RSUs will vest on the earlier of (i) June 1, 2024 or (ii) the day prior to the Issuer's 2024 annual meeting of stockholders, subject to the Reporting Person's continued service through each such vesting date.