Huw Owen - Jan 23, 2024 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role
SVP & Chief Revenue Officer
Signature
/s/ Margaret Chow, by Power of Attorney for Huw Owen
Stock symbol
BASE
Transactions as of
Jan 23, 2024
Transactions value $
-$369,779
Form type
4
Date filed
1/25/2024, 07:33 PM
Previous filing
Jan 4, 2024
Next filing
Jan 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASE Common Stock Options Exercise $26.4K +3.5K +0.91% $7.55 388K Jan 23, 2024 Direct
transaction BASE Common Stock Sale -$87.5K -3.5K -0.9% $25.00 385K Jan 23, 2024 Direct F1, F2
transaction BASE Common Stock Options Exercise $49.1K +6.5K +1.69% $7.55 391K Jan 24, 2024 Direct
transaction BASE Common Stock Options Exercise $59.6K +8K +2.05% $7.45 399K Jan 24, 2024 Direct
transaction BASE Common Stock Options Exercise $36.1K +3.62K +0.91% $9.95 403K Jan 24, 2024 Direct
transaction BASE Common Stock Sale -$453K -18.1K -4.5% $25.02 385K Jan 24, 2024 Direct F1, F3

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 -3.5K -8.75% $0.00 36.5K Jan 23, 2024 Common Stock 3.5K $7.55 Direct F4
transaction BASE Stock Option Options Exercise $0 -6.5K -17.81% $0.00 30K Jan 24, 2024 Common Stock 6.5K $7.55 Direct F4
transaction BASE Stock Option Options Exercise $0 -8K -20% $0.00 32K Jan 24, 2024 Common Stock 8K $7.45 Direct F5
transaction BASE Stock Option Options Exercise $0 -3.62K -18.12% $0.00 16.4K Jan 24, 2024 Common Stock 3.62K $9.95 Direct F6
* 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 $25.0000 to $25.0100, 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 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.0000 to $25.2300, 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.
F4 One fourth (1/4th) of the shares subject to the option vested on August 1, 2020 and one forty-eighth (1/48th) of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each such date.
F5 The option is fully vested and immediately exercisable.
F6 One fourth (1/4th) of the shares subject to the option vested on August 1, 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.