Mayfield XIII, a Cayman Islands Exempted Limited Partnership - 26 Jul 2021 Form 4 Insider Report for Couchbase, Inc. (BASE)

Role: 10%+ Owner
Signature: Mayfield XIII, a Cayman Islands Exempted Limited Partnership, By: Mayfield XIII Management (EGP), L.P., its general partner, By: Mayfield XIII Management (UGP), Ltd., its general partner, By: /s/ Paul Kohli, Authorized Signatory
Issuer symbol: BASE
Transactions as of: 26 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Jul 2021, 21:30:41 UTC
Previous filing: 21 Jul 2021
Next filing: 06 Jan 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	Conversion of derivative security		+3,251,435	+3611%		3,341,480	26 Jul 2021	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	BASE	Series B Preferred Stock	Conversion of derivative security	$0	-1,909,090	-100%	$0.000000^*	26 Jul 2021	Common Stock	1,909,090	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2
transaction	BASE	Series C Preferred Stock	Conversion of derivative security	$0	-715,278	-100%	$0.000000^*	26 Jul 2021	Common Stock	715,278	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2
transaction	BASE	Series D Preferred Stock	Conversion of derivative security	$0	-258,017	-100%	$0.000000^*	26 Jul 2021	Common Stock	258,017	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2
transaction	BASE	Series E Preferred Stock	Conversion of derivative security	$0	-120,645	-100%	$0.000000^*	26 Jul 2021	Common Stock	127,014	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2
transaction	BASE	Series F Preferred Stock	Conversion of derivative security	$0	-169,212	-100%	$0.000000^*	26 Jul 2021	Common Stock	169,212	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2
transaction	BASE	Series G Preferred Stock	Conversion of derivative security	$0	-68,269	-100%	$0.000000^*	26 Jul 2021	Common Stock	72,824	Mayfield XIII, a Cayman Islands Exempted Limited Partnership	F1, F2

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

Mayfield XIII, a Cayman Islands Exempted Limited Partnership is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Immediately prior to the closing of the Issuer's initial public offering, each share of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, and Series F Preferred Stock automatically converted into shares of the Issuer's Common Stock on a one-for-one basis, each share of Series E Preferred Stock automatically converted into shares of the Issuer's Common Stock on a 1.05279880234039-for-one basis, and each share of Series G Preferred Stock automatically converted into shares of the Issuer's Common Stock on a 1.06673317089756 basis. The preferred stock has no expiration date.
F2	These shares are held of record by Mayfield XIII, a Cayman Islands Exempted Limited Partnership, or MF XIII. Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company, or MF XIII UGP, is the general partner of Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership, which is the general partner of MF XIII. Rajeev Batra, Navin Chaddha and Vaneeta Varma are the directors of MF XIII UGP. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares owned by MF XIII, but each such entity or person disclaims such beneficial ownership except to the extent of its or their pecuniary interest therein.

Content

Immediately prior to the closing of the Issuer's initial public offering, each share of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, and Series F Preferred Stock automatically converted into shares of the Issuer's Common Stock on a one-for-one basis, each share of Series E Preferred Stock automatically converted into shares of the Issuer's Common Stock on a 1.05279880234039-for-one basis, and each share of Series G Preferred Stock automatically converted into shares of the Issuer's Common Stock on a 1.06673317089756 basis. The preferred stock has no expiration date.

These shares are held of record by Mayfield XIII, a Cayman Islands Exempted Limited Partnership, or MF XIII. Mayfield XIII Management (UGP), Ltd., a Cayman Islands Exempted Company, or MF XIII UGP, is the general partner of Mayfield XIII Management (EGP), L.P., a Cayman Islands Exempted Limited Partnership, which is the general partner of MF XIII. Rajeev Batra, Navin Chaddha and Vaneeta Varma are the directors of MF XIII UGP. As a result, each of the foregoing entities and individuals may be deemed to share beneficial ownership of the shares owned by MF XIII, but each such entity or person disclaims such beneficial ownership except to the extent of its or their pecuniary interest therein.