Couchbase Announces New Employee Inducement Grants

Rhea-AI Summary

Couchbase (NASDAQ: BASE) has announced new equity awards granted to recently hired employees under its 2023 Inducement Equity Incentive Plan. On February 26, 2025, the company granted restricted stock units (RSUs) to 17 non-executive employees, totaling 39,063 shares of common stock.

The vesting schedule for these RSU Awards includes:

• 50% of shares vesting on the one-year anniversary of the vesting commencement date
• 12.5% of shares vesting quarterly thereafter

These inducement grants were approved by Couchbase's Compensation Committee and comply with Nasdaq Rule 5635(c)(4), serving as material inducement for employment.

Positive

• New talent acquisition with 17 non-executive hires
• Structured retention plan through long-term vesting schedule

Negative

• 39,063 new shares potentially diluting existing shareholders

SANTA CLARA, Calif., March 3, 2025 /PRNewswire/ -- Couchbase, Inc. (NASDAQ: BASE), the cloud database platform company, today announced it has granted equity awards under its 2023 Inducement Equity Incentive Plan to new employees who joined Couchbase.

On February 26, 2025, Couchbase granted 17 non-executive employees equity awards in the form of service-based restricted stock units ("RSU Awards"), representing the right to receive up to 39,063 shares of Couchbase, Inc. common stock in the aggregate, with fifty percent (50%) of the shares subject to such RSU Awards vesting on the one (1) year anniversary of the vesting commencement date, and twelve and one-half percent (12.5%) of the shares subject to such RSU Awards vesting on each quarterly vesting date thereafter conditioned upon each employee's continued employment on the vesting date(s). 

The inducement grants were approved by Couchbase's Compensation Committee of the Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were granted as a material inducement to employment in accordance with Nasdaq Rule 5635(c)(4).

About Couchbase

As industries race to embrace AI, traditional database solutions fall short of rising demands for versatility, performance and affordability. Couchbase is seizing the opportunity to lead with Capella, the developer data platform architected for critical applications in our AI world. By uniting transactional, analytical, mobile and AI workloads into a seamless, fully managed solution, Couchbase empowers developers and enterprises to build and scale applications and AI agents with complete flexibility – delivering exceptional performance, scalability and cost-efficiency from cloud to edge and everything in between. Couchbase enables organizations to unlock innovation, accelerate AI transformation and redefine customer experiences wherever they happen. Discover why Couchbase is the foundation of critical everyday applications by visiting www.couchbase.com and following us on LinkedIn and X.

Couchbase®, the Couchbase logo and the names and marks associated with Couchbase's products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

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SOURCE Couchbase, Inc.

FAQ

How many shares were granted in Couchbase's February 2025 RSU inducement awards?

Couchbase granted RSUs representing 39,063 shares of common stock to 17 non-executive employees.

What is the vesting schedule for Couchbase's 2025 inducement RSU awards?

50% vests after one year, followed by 12.5% vesting quarterly thereafter, subject to continued employment.

How many non-executive employees received BASE stock inducement grants in February 2025?

17 non-executive employees received RSU awards as part of the inducement grants.

Under which plan were Couchbase's February 2025 equity awards granted?

The awards were granted under Couchbase's 2023 Inducement Equity Incentive Plan.