Huw Owen - 23 Jan 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
Issuer symbol
BASE
Transactions as of
23 Jan 2024
Net transactions value
-$369,779
Form type
4
Filing time
25 Jan 2024, 19:33:19 UTC
Previous filing
04 Jan 2024
Next filing
29 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BASE Common Stock Options Exercise $26,425 +3,500 +0.91% $7.55 388,071 23 Jan 2024 Direct
transaction BASE Common Stock Sale $87,504 -3,500 -0.9% $25.00 384,571 23 Jan 2024 Direct F1, F2
transaction BASE Common Stock Options Exercise $49,075 +6,500 +1.7% $7.55 391,071 24 Jan 2024 Direct
transaction BASE Common Stock Options Exercise $59,600 +8,000 +2% $7.45 399,071 24 Jan 2024 Direct
transaction BASE Common Stock Options Exercise $36,059 +3,624 +0.91% $9.95 402,695 24 Jan 2024 Direct
transaction BASE Common Stock Sale $453,433 -18,124 -4.5% $25.02 384,571 24 Jan 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 -3,500 -8.8% $0.000000 36,500 23 Jan 2024 Common Stock 3,500 $7.55 Direct F4
transaction BASE Stock Option Options Exercise $0 -6,500 -18% $0.000000 30,000 24 Jan 2024 Common Stock 6,500 $7.55 Direct F4
transaction BASE Stock Option Options Exercise $0 -8,000 -20% $0.000000 32,000 24 Jan 2024 Common Stock 8,000 $7.45 Direct F5
transaction BASE Stock Option Options Exercise $0 -3,624 -18% $0.000000 16,376 24 Jan 2024 Common Stock 3,624 $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.