Accel X LP - Dec 14, 2023 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role: 10%+ Owner
Signature: /s/ Tracy L. Sedlock, as Attorney in Fact for Accel X L.P.
Stock symbol: BASE
Transactions as of: Dec 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/18/2023, 06:15 PM
Previous filing: Sep 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BASE	Common Stock	Other	$0	-424K	-17.87%	$0.00	1.95M	Dec 14, 2023	Direct	F1
transaction	BASE	Common Stock	Other	$0	-32.1K	-17.87%	$0.00	148K	Dec 14, 2023	By: Accel X Strategic Partners L.P.	F2, F3
transaction	BASE	Common Stock	Other	$0	-44.3K	-17.87%	$0.00	204K	Dec 14, 2023	By: Accel Investors 2008 L.L.C.	F3, F4
holding	BASE	Common Stock						2.02M	Dec 14, 2023	By: Accel Growth Fund II L.P.	F3
holding	BASE	Common Stock						146K	Dec 14, 2023	By: Accel Growth Fund II Strategic Partners L.P.	F3
holding	BASE	Common Stock						217K	Dec 14, 2023	By: Accel Growth Fund Investors 2013 L.L.C.	F3

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

Accel X LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On December 14, 2023, Accel X LP distributed, for no consideration, 423,600 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	On December 14, 2023, Accel X Strategic Partners L.P. ("A10SP") distributed, for no consideration, 32,100 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.
F3	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.
F4	On December 14, 2023, Accel Investors 2008 L.L.C. ("AI08") distributed for no consideration 44,300 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.