Kevin Efrusy - Sep 18, 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
Sep 18, 2023
Transactions value $
-$13,282,500
Form type
4
Date filed
9/20/2023, 04:25 PM
Previous filing
Jun 5, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASE Common Stock Sale -$11.3M -635K -21.14% $17.71 2.37M Sep 18, 2023 By: Accel X L.P; F1
transaction BASE Common Stock Sale -$853K -48.2K -21.14% $17.71 180K Sep 18, 2023 By: Accel X Strategic Partners L.P. F1
transaction BASE Common Stock Sale -$1.18M -66.5K -21.14% $17.71 248K Sep 18, 2023 By: Accel Investors 2008 L.L.C. F1
holding BASE Common Stock 13.4K Sep 18, 2023 By: The Efrusy Family Trust u/a/d 10/21/2005 F2
holding BASE Common Stock 2.02M Sep 18, 2023 By: Accel Growth Fund II L.P. F1
holding BASE Common Stock 146K Sep 18, 2023 By: Accel Growth Fund II Strategic Partners L.P. F1
holding BASE Common Stock 217K Sep 18, 2023 By: Accel Growth Fund Investors 2013 L.L.C. F1
holding BASE Common Stock 21.5K Sep 18, 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.