Margaret Chow - Feb 2, 2024 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role
SVP & Chief Legal Officer
Signature
/s/ Margaret Chow
Stock symbol
BASE
Transactions as of
Feb 2, 2024
Transactions value $
-$98,773
Form type
4
Date filed
2/6/2024, 05:35 PM
Previous filing
Jan 25, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASE Common Stock Options Exercise $35.8K +4.62K +2.85% $7.75 167K Feb 2, 2024 Direct
transaction BASE Common Stock Sale -$127K -4.62K -2.77% $27.50 162K Feb 2, 2024 Direct F1, F2
transaction BASE Common Stock Options Exercise $2.95K +380 +0.23% $7.75 162K Feb 5, 2024 Direct
transaction BASE Common Stock Sale -$10.5K -380 -0.23% $27.50 162K Feb 5, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BASE Stock Option Options Exercise $0 -4.62K -2.87% $0.00 156K Feb 2, 2024 Common Stock 4.62K $7.75 Direct F3
transaction BASE Stock Option Options Exercise $0 -380 -0.24% $0.00 156K Feb 5, 2024 Common Stock 380 $7.75 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 represents shares sold by the Reporting Person pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on 10/2/2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.5000 to $27.5400, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 One fourth (1/4th) of the shares subject to the option vested on March 2, 2021 and one forty-eighth (1/48th) of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each such date.